Platform as a Service - Southern Asia

Southern Asia

Revenue in the Platform as a Service market is projected to reach €1.88bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 23.26%, resulting in a market volume of €5.35bn by 2029.
The average spend per employee in the Platform as a Service market is projected to reach €2.60 in 2024.
In global comparison, most revenue will be generated in the United States (€84,400.00m in 2024).

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Platform as a Service market in Southern Asia is experiencing significant growth and development due to several key factors. Customer preferences in the region are shifting towards cloud-based solutions, as businesses seek more flexible and scalable options for their IT infrastructure. Platform as a Service (PaaS) offers a range of benefits, including reduced costs, improved efficiency, and faster time-to-market for new applications and services. This aligns with the global trend of businesses adopting cloud technologies to drive innovation and digital transformation. Trends in the market indicate a strong demand for PaaS solutions in Southern Asia. As businesses in the region increasingly rely on digital platforms and applications to drive growth, the need for PaaS services is growing. This is particularly evident in industries such as e-commerce, fintech, and logistics, where companies are leveraging cloud-based platforms to deliver seamless customer experiences and optimize their operations. Additionally, the rise of mobile and internet penetration in the region has created new opportunities for PaaS providers, as businesses look to develop and deploy mobile applications to reach a wider customer base. Local special circumstances also contribute to the development of the PaaS market in Southern Asia. The region is home to a large number of small and medium-sized enterprises (SMEs) that are looking to leverage cloud technologies to compete with larger players in the market. PaaS solutions offer these businesses an affordable and scalable option to build and deploy applications, without the need for significant upfront investment in hardware and infrastructure. Furthermore, the region's diverse and rapidly growing startup ecosystem is driving demand for PaaS services, as these companies seek agile and cost-effective solutions to support their growth and innovation. Underlying macroeconomic factors are also fueling the growth of the PaaS market in Southern Asia. The region has experienced strong economic growth in recent years, leading to increased investment in technology and digital infrastructure. Governments in countries like India and Indonesia have launched initiatives to promote digital transformation and encourage the adoption of cloud technologies, which is driving the demand for PaaS solutions. Additionally, the availability of skilled IT professionals in the region is supporting the growth of the PaaS market, as businesses have access to the expertise needed to develop and manage cloud-based applications. In conclusion, the Platform as a Service market in Southern Asia is developing rapidly due to customer preferences for cloud-based solutions, trends in the market towards digital transformation, local special circumstances such as the presence of SMEs and startups, and underlying macroeconomic factors such as economic growth and government initiatives. As businesses in the region continue to embrace cloud technologies, the demand for PaaS solutions is expected to further increase, driving the growth of the market in Southern Asia.

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.