Platform as a Service - United States

United States

Revenue in the 0 market in the United States is projected to reach US$91.02bn in 2024.
The Platform as a Service market dominates the market with a projected market volume of 0 in the same year.
Revenue in this sector is expected to exhibit an annual growth rate (CAGR 2024-2029) of 17.25%, resulting in a market volume of US$201.70bn by 2029.
In a global context, the majority of revenue will be generated the United States, amounting to US$91.02bn in 2024.
In the United States, the Platform as a Service segment of the public cloud market is increasingly prioritizing advanced AI integration to enhance operational efficiencies and innovation.

Key regions: United States, Italy, Australia, Netherlands, Japan

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Analyst Opinion

The Platform as a Service Market in the Public Cloud Market in the US is experiencing substantial growth, driven by factors such as increasing demand for digital services, growing awareness of the benefits of cloud computing, and the ease of accessing online platforms. This growth rate is influenced by the increasing adoption of digital technologies and the convenience offered by PaaS solutions.

Customer preferences: As businesses continue to prioritize flexibility and scalability, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand. This trend is driven by a growing preference for cloud-based solutions that offer cost-effective and efficient ways to develop and deploy applications. Additionally, the rise of remote work and the need for virtual collaboration tools have also contributed to the increased adoption of Platform as a Service, making it a vital component of the public cloud market.

Trends in the market: In the United States, the Platform as a Service Market within the Public Cloud Market is experiencing a shift towards serverless computing, allowing companies to focus on developing applications without worrying about managing infrastructure. This trend is driven by the need for cost efficiency and scalability in the rapidly growing cloud market. Additionally, there is a rise in the adoption of DevOps practices, which integrate development and operations teams to improve software delivery and deployment. These trends have significant implications for industry stakeholders, as they enable faster and more efficient application development, leading to increased productivity and competitive advantage. However, there may also be concerns about security and data privacy in this model, which industry stakeholders must address to fully reap the benefits of these trends.

Local special circumstances: In the United States, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the country's strong tech industry and high adoption rates of cloud computing. This has led to a competitive market, with major players like Amazon Web Services, Microsoft, and Google dominating the space. Additionally, the country's strict data privacy regulations and increasing concerns over cybersecurity have also shaped the market, with companies offering robust security features and compliance measures to attract customers.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in the United States is heavily influenced by macroeconomic factors such as technological advancements, government support for cloud computing, and investment in digital infrastructure. The country's strong economic health and favorable regulatory environment have contributed to the rapid adoption of PaaS solutions by businesses of all sizes. Additionally, the ongoing trend of digital transformation across industries is driving the demand for PaaS, as companies seek to modernize their operations and improve efficiency. The increasing number of mobile and internet users in the US is also a key factor supporting the growth of the PaaS market within the public cloud market.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.