Platform as a Service - Australia & Oceania

Australia & Oceania

Revenue in the Platform as a Service market is projected to reach US$3.58bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.17%, resulting in a market volume of US$8.25bn by 2029.
The average spend per employee in the Platform as a Service market is projected to reach US$168.30 in 2024.
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

Market

Region

Region comparison

Currency

Analyst Opinion

The Platform as a Service market in Australia & Oceania is witnessing significant growth and development. Customer preferences in the region are driving the adoption of Platform as a Service (PaaS) solutions. Businesses in Australia & Oceania are increasingly looking for ways to streamline their operations, improve efficiency, and reduce costs. PaaS offers a range of benefits that align with these goals, such as scalability, flexibility, and cost-effectiveness. By leveraging PaaS, businesses can easily develop, deploy, and manage applications without the need for extensive infrastructure and resources. This allows them to focus on their core competencies and accelerate their time to market. Trends in the market indicate a growing demand for PaaS solutions in Australia & Oceania. The region is witnessing a rise in the number of startups and small to medium-sized enterprises (SMEs) that are looking for cost-effective and agile technology solutions. PaaS provides these businesses with the necessary tools and infrastructure to quickly develop and deploy applications, enabling them to compete in the digital economy. Additionally, larger enterprises are also embracing PaaS to drive innovation and enhance their digital transformation initiatives. Local special circumstances in Australia & Oceania contribute to the development of the PaaS market. The region has a strong entrepreneurial culture, with a high level of innovation and technological advancement. This creates a conducive environment for the adoption of PaaS solutions, as businesses are open to exploring new technologies and ways of working. Additionally, Australia & Oceania has a highly skilled workforce in the technology sector, which further supports the growth of the PaaS market. The region also has a growing number of data centers and cloud service providers, offering a robust infrastructure for PaaS deployment. Underlying macroeconomic factors play a crucial role in the development of the PaaS market in Australia & Oceania. The region has been experiencing steady economic growth, which has led to increased business activity and investment. As businesses expand and look for ways to optimize their operations, PaaS solutions become an attractive option. Furthermore, the digital transformation initiatives undertaken by governments and businesses in the region are driving the demand for PaaS. The need to modernize and digitize processes, coupled with the desire to stay competitive in the global market, is fueling the growth of the PaaS market in Australia & Oceania. In conclusion, the Platform as a Service market in Australia & Oceania is experiencing significant growth and development. Customer preferences, such as the need for scalability and cost-effectiveness, are driving the adoption of PaaS solutions. The region's entrepreneurial culture, skilled workforce, and robust infrastructure further support the growth of the market. Additionally, underlying macroeconomic factors, such as economic growth and digital transformation initiatives, contribute to the increasing demand for PaaS in Australia & Oceania.

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.