Platform as a Service - Worldwide

  • Worldwide
  • Revenue in the Platform as a Service market is projected to reach US$143.30bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 14.24%, resulting in a market volume of US$244.10bn by 2028.
  • The average spend per employee in the Platform as a Service market is projected to reach US$40.86 in 2024.
  • The global market share of 0 was 0 in 2021.
  • In global comparison, most revenue will be generated in the United States (US$72,520.00m in 2024).

Key regions: Japan, United States, Australia, Canada, France

 
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Analyst Opinion

The Platform as a Service (PaaS) segment has experienced a 30% to 40% growth rate over the past couple of years. A major driver of this is that PaaS provides companies with facilities for application and services development at a fraction of the cost, particularly when compared to establishing these facilities with their own resources. The increasing demand for mobile applications has also contributed to growth.

The PaaS segment is likely to continue expanding in the coming years. This can be attributed to the fact that companies are increasingly offering multipurpose PaaS solutions rather than the single-purpose solutions that are currently contributing to a major share of the revenue in this segment.

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