Platform as a Service - United Kingdom

United Kingdom

Revenue in the Platform as a Service market is projected to reach €6.88bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.43%, resulting in a market volume of €16.72bn by 2029.
The average spend per employee in the Platform as a Service market is projected to reach €198.10 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 United Kingdom is experiencing significant growth and development.

Customer preferences: Customers in the United Kingdom are increasingly opting for Platform as a Service (PaaS) solutions due to the numerous benefits they offer. PaaS allows businesses to streamline their operations by providing a platform for developing, testing, and deploying applications. This enables companies to save time and resources, as they no longer need to invest in hardware or software infrastructure. Additionally, PaaS solutions offer scalability and flexibility, allowing businesses to easily adapt to changing market demands.

Trends in the market: One of the key trends in the PaaS market in United Kingdom is the increasing adoption of cloud-based solutions. Cloud computing has gained significant traction in recent years, as it offers numerous advantages such as cost savings, scalability, and improved accessibility. As a result, businesses in the United Kingdom are embracing PaaS solutions that are hosted on the cloud, enabling them to leverage the benefits of cloud computing. Another trend in the PaaS market in United Kingdom is the growing demand for industry-specific solutions. Businesses in different sectors have unique requirements and challenges, and PaaS providers are responding to this by offering specialized solutions tailored to specific industries. This allows businesses to optimize their operations and achieve better outcomes.

Local special circumstances: The United Kingdom has a strong technology ecosystem, with a thriving startup culture and a large number of established technology companies. This creates a conducive environment for the growth of the PaaS market, as businesses are eager to adopt innovative solutions to gain a competitive edge. Additionally, the United Kingdom has a highly skilled workforce, with a large pool of talented software developers and engineers. This talent pool contributes to the development and advancement of PaaS solutions in the country.

Underlying macroeconomic factors: The PaaS market in United Kingdom is also influenced by macroeconomic factors. The country has a stable economy and a strong focus on digital transformation. Businesses in the United Kingdom are increasingly looking for ways to improve efficiency and productivity, and PaaS solutions provide an effective means to achieve these goals. Furthermore, the government in the United Kingdom has been supportive of the technology sector, implementing policies and initiatives to encourage innovation and investment. This favorable environment has contributed to the growth of the PaaS market in the country. In conclusion, the Platform as a Service market in United Kingdom is experiencing growth and development due to customer preferences for streamlined operations, the adoption of cloud-based solutions, and the demand for industry-specific solutions. The local technology ecosystem and macroeconomic factors such as a stable economy and government support further contribute to the growth of the market.

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.