Platform as a service (PaaS) is similar to the cloud
computing offering wherein a specialist co-op provides a stage to customers, allowing
them to create, run and oversee business applications without the requirement
to assemble and keep up the framework such programming advancement measures
typically needed. One of the key benefits of Platform as a service (PaaS) is
its ability to improve a designer's efficiency. Platform as a Service
(PaaS) Business provides
direct help for business spryness by empowering rapid improvement with faster
and more successive conveyance of usefulness. Developing,
running and deployment of on premise applications is complicate, expensive and
slow. All these applications need hardware, database, middleware, web services,
operating system (OS) and other software. Moreover, a team of database, system
and network management experts are also needed to keep everything functioning.
PaaS offers the entire infrastructure over the Internet, needed to develop,
test, run and deploy applications. The users can access custom applications
built in the cloud, while independent software vendors (ISVs) and IT
departments can now emphasize on innovation instead of on dealing with complex
infrastructure. Therefore, by leveraging PaaS, the organizations can now
re-direct a significant share of their budgets in creating applications and emphasizing
on application expertise which offers high business value, rather managing
complex software and hardware infrastructures. Hence, these factors are
expected to propel growth of the global platform as a service (PaaS) market over
the forecast period. In addition, the platform
as a service offers subscribers pay-per-use features where the user is needed
to pay a subscription fee, based upon the business needs. This is highly
beneficial as the subscribers can use the platforms to develop, run, test, and employ
the applications including scale the number of users of the application as per the
requirement. Thus, platform as a service simplifies
application development management, deployment and scaling, therefore
facilitating higher developer productivity and innovation. Thereby, these
factors are anticipated to accelerate the global platform as a service (PaaS)
market growth over the forecast period. Apart from this, the higher initial
installation, limited customization and complicate network management
strategies will limit the market growth.
Furthermore,
the mobile ecosystem is rising at a high pace, and app development evolving as
a vital component boosting its growth. Owing to the growth of digital
enterprises, the development of enterprise mobile apps is also becoming a top
priority for organizations which creates a lucrative opportunity for the
market.
The
global Platform as a Service (PaaS) Market is segregated on the basis of Type as
Application PaaS (aPaaS), Integration PaaS (iPaaS), Database PaaS (dbPaaS) and Others.
Based on Deployment Mode the global Platform as a Service (PaaS) Market is
segmented in Public and Private. Based on Organization Size the global Platform
as a Service (PaaS) Market is segmented in Large Enterprises and SMEs. Based on
Industry Verticals the global Platform as a Service (PaaS) Market is BFSI, Consumer
goods and retail, Telecommunication, IT and ITeS, Manufacturing, Healthcare and
life sciences, Energy and utility and Others.
The
global Platform as a Service (PaaS) Market report provides geographic analysis
covering regions, such as Europe, North America, Asia Pacific, and Rest of The
World. The Platform as a Service (PaaS) Market for each region is further segmented
for major countries including the U.S., Canada, Germany, the U.K., France,
Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Amazon
Web Services, Inc., AT&T, Inc., Cisco Systems, Inc., Computer Science
Corporation, Cornerstone OnDemand, Inc. and others are among the major players
in the global Platform as a Service (PaaS) Market. The companies studied in
terms of product strategy and various n several growth and expansion strategies
to gain a competitive edge in the market. The major players not only follow
value chain integration with business operations in multiple stages of the
value chain.
- In
January 2021, Microsoft launched a new Wisely blockchain-powered cPaaS
offerings for enterprises, OTT players, mobile carriers, marketers and industry
regulators to enhance their quality of service.
- In
Septmber 2020, Oracle extended its security portfolio with new cloud services
designed to automatically assist protect cloud workloads and data from risks
posed by cyber threats. The three new cloud services, such as Oracle data safe,
Oracle cloud guard and Oracle maximum security zones, offer centralized
security configuration including automated enforcement of security practices.
- In
January 2019, AWS acquired CloudEndure, an Israeli-based company, which provides
Disaster Recovery (DR) services. This acquisition would assist AWS deliver improved
and innovative migration, backup and DR solutions to customers.
The global Platform as a Service (PaaS) Market has
been segmented as below:
Platform
as a Service (PaaS) Market, By Type
- Application PaaS (aPaaS)
- Integration PaaS (iPaaS)
- Database PaaS (dbPaaS)
- Others
Platform
as a Service (PaaS) Market, By Deployment Mode
Platform
as a Service (PaaS) Market, By Organization Size
Platform
as a Service (PaaS) Market, By Industry Verticals
- BFSI
- Consumer goods and retail
- Telecommunication
- IT and ITeS
- Manufacturing
- Healthcare and life sciences
- Energy and utility
- Others
- Platform
as a Service (PaaS) Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Platform
as a Service (PaaS) Market, By Company
- Amazon Web Services, Inc.
- AT&T, Inc.
- Cisco Systems, Inc.
- Computer Science Corporation
- Cornerstone OnDemand, Inc.
- EMC Corporation
- Fujitsu Ltd.
- Gartner, Inc.
- Google LLC
- HCL Technologies Ltd.
- IBM Corporation
- Informatica LLC
- Intel Corporation
- KDDI Corporation
- LM Ericsson Telefon AB
- Microsoft Corporation
The
report covers the below scope:
- Global Platform as a Service (PaaS)
Market sizes from 2020 to 2026, along with CAGR for 2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Platform as a Service (PaaS)
Market trends, covering comprehensive range of consumer trends &
manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Platform
as a Service (PaaS) Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Platform as a Service (PaaS) Market
report scope includes detailed study covering underlying factors influencing
the industry trends. The report covers analysis on regional and country level
market dynamics. The scope also covers competitive overview providing company
market shares along with company profiles for major revenue contributing
companies. The report scope includes detailed competitive outlook covering
market shares and profiles key participants in the global Platform as a Service
(PaaS) Market share. Major industry players with significant revenue share
include Amazon Web Services, Inc., AT&T, Inc., Cisco
Systems, Inc., Computer Science Corporation, Cornerstone OnDemand, Inc. and others.
Why to
Buy this Report:
- Gain detailed insights on the Platform as a Service (PaaS) industry trends
- Find complete analysis on the
market status
- Identify the Platform as a Service
(PaaS) Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
Free
and Paid Customization based on the requirement