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Revenue in the Platform as a Service market is projected to reach US$7.42bn in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.18%, resulting in a market volume of US$17.85bn by 2029.
In global comparison, most revenue will be generated United States (US$91.02bn in 2024).

Definition:

Platform as a Service (PaaS) refers to the type of public cloud service that provides a ready-to-use platform and environment for developers to build, deploy, and manage applications. PaaS offers tools, frameworks, and services that streamline the development process, thus eliminating the need to manage the underlying infrastructure. It allows developers to focus on the tasks of writing code and creating applications without worrying about server setup or maintenance. The PaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Google App Engine.

Additional Information:

The Platform as a Service (PaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the PaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (App Engine), and IBM (Cloud).

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Application development, such as Microsoft Azure App Service, Google App Engine, and AWS Elastic Beanstalk
Debugging processes, such as Microsoft Azure Monitor and AWS X-Ray
Testing, such as Google Cloud Flood, Distributed Load Testing on AWS, and Microsoft Azure Load Testing
Deployment tools, such as Microsoft Azure Deployment Environments and AWS CodeDeploy

Infrastructure-as-a-Service (IaaS), such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, Google Compute Engine (GCE), Alibaba Cloud ECS, and Oracle Cloud Infrastructure
Software-as-a-Service (SaaS), such as Microsoft 365, Salesforce, Google Workspace, and Zoom
Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite

The Platform as a Service Market in the Public Cloud Market in the UK is experiencing rapid growth, driven by factors such as the increasing adoption of cloud technologies, growing demand for digital services, and the convenience of online platforms. This elevated growth rate is primarily influenced by the increasing shift towards cloud-based solutions and the need for flexible and scalable infrastructure.

Customer preferences: The rising demand for digital transformation has led to a significant increase in the adoption of Platform as a Service (PaaS) within the Public Cloud Market in the United Kingdom. This trend is driven by the need for more agile and efficient solutions, as well as the growing preference for cloud-based services among businesses. Furthermore, the increasing availability of advanced technologies, such as Artificial Intelligence and Internet of Things, is further propelling the growth of the PaaS market in the country.

Trends in the market: In the United Kingdom, the Platform as a Service Market within the Public Cloud Market is seeing an increase in demand for low-code and no-code development platforms. This trend is driven by the need for faster and more efficient software development processes. Additionally, there is a growing focus on multi-cloud strategies, with companies utilizing multiple cloud platforms to reduce vendor lock-in and increase flexibility. These trends signify a shift towards a more agile and customizable approach to cloud computing, which can have significant implications for industry stakeholders. It may lead to increased collaboration between cloud providers and a greater emphasis on user-friendly solutions for businesses of all sizes.

Local special circumstances: In the United Kingdom, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the country's strong regulatory framework and emphasis on data privacy. This has led to the development of innovative solutions that prioritize security and compliance, making the UK market a leader in data protection within the public cloud space. Additionally, the UK's highly developed digital infrastructure and tech-savvy population have created a demand for advanced PaaS solutions that cater to specific industries and use cases. This unique combination of factors has created a thriving market for PaaS in the UK, attracting both domestic and international players.

Underlying macroeconomic factors: The Platform as a Service Market within the Public Cloud Market in the United Kingdom is heavily influenced by macroeconomic factors such as government policies, technological advancements, and investment in digital infrastructure. The country's strong economy and stable regulatory environment have created a favorable market for cloud-based solutions. Additionally, the increasing adoption of digital technologies by UK businesses and the growing demand for cost-effective and scalable IT solutions are driving the growth of the Platform as a Service Market within the Public Cloud Market in the country. Furthermore, the UK's strong focus on digital transformation and its investments in cloud infrastructure are expected to further boost the growth of the market.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.