Platform as a Service - Zambia

  • Zambia
  • Revenue in the Platform as a Service market is projected to reach US$16.69m in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.55%, resulting in a market volume of US$44.29m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$91,020.00m in 2024).

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

 
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Analyst Opinion

The PaaS market in the public cloud market in Zambia is rapidly growing, driven by factors such as the increasing adoption of digital technologies, rising awareness of the benefits of online services, and the convenience they offer. This substantial growth is influenced by the country's growing tech industry and the government's efforts to promote digitalization in the healthcare sector.

Customer preferences:
The growing adoption of Platform as a Service (PaaS) solutions in Zambia is driven by a shift towards digitalization and the need for cost-effective and scalable cloud-based applications. This trend is particularly evident in the public sector, where government agencies are leveraging PaaS to modernize their IT infrastructure and improve service delivery to citizens. Additionally, the rise of mobile technology and increasing internet penetration in Zambia has fueled the demand for PaaS solutions that cater to the unique needs and preferences of the local population.

Trends in the market:
In Zambia, the Platform as a Service Market within the Public Cloud Market is seeing a rise in the adoption of cloud-based solutions in various industries, including healthcare, finance, and government. This trend is driven by the need for cost-effective and scalable solutions, as well as the increasing availability of high-speed internet and mobile connectivity. This trajectory is significant as it allows organizations to access advanced technology and tools without heavy upfront investments. Additionally, it enables greater collaboration and innovation, leading to improved efficiency and competitiveness. However, there may be challenges in terms of data security and regulatory compliance. To address these concerns, stakeholders need to prioritize data protection measures and work closely with government agencies to ensure compliance with local laws and regulations.

Local special circumstances:
In Zambia, the Platform as a Service Market within the Public Cloud Market is influenced by the country's limited internet infrastructure and low adoption of digital technologies. This has led to slower growth compared to other markets. However, with the government's efforts to improve broadband connectivity and promote digital transformation, the market is expected to see a surge in demand in the coming years. Additionally, cultural norms and language barriers may also impact the adoption of public cloud services in Zambia, making it essential for providers to tailor their offerings to meet local needs.

Underlying macroeconomic factors:
The growth of the Platform as a Service Market within the Public Cloud Market in Zambia is influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Countries with favorable regulatory environments and strong investment in digital technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the growing demand for efficient and cost-effective solutions in the public sector, coupled with the increasing adoption of cloud-based services, is driving the growth of the Platform as a Service Market in Zambia.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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