Platform As A Service (PaaS) Market

Platform as a service is a solution of cloud computing that provide computing platform with environment to deploy cloud application and services over the internet. PaaS is very helpful to users to create software application easily by using cloud tools delivered by cloud provider. The PaaS solution is used to provide many benefits to the software companies such as flexibility, low maintenance and high efficiency. In addition, increasing adoption of cloud-based services among SMEs is expected to drive market growth during the forecast period.

The Global Platform as a Service Market is estimated to account for US$ 101,168.9 Mn in terms of value by the end of 2030.

Market Dynamics

Increasing demand for public cloud is expected to drive market growth during the forecast period. Most of companies are migrating to cloud services due to advantages offered by this software such as high flexibility, high availability, high efficiency, minimum investments, reduced complexity and many others. The increased adoption of cloud-based services among SMEs is expected to drive market growth during the forecast period. The cloud-based services enable SMEs to access advanced solutions such as big data, data analytics, internet of things (IoT) and others. Thus, large number of SMEs are implementing cloud services in order to improve efficiency in the organizations. This, in turn, increases the demand for platform as a service (PaaS) market.

Availability of pay-per-use feature is expected to propel the global platform as a service (PaaS) market growth over the forecast period. PaaS offers subscribers pay-per-use features wherein the user is required to pay a subscription fee, depending upon the business requirements. This is highly beneficial since the subscribers can use the platforms to develop, run, test, and deploy the applications as well as scale the number of users of the application as per requirement. Therefore, PaaS simplifies application development management, deployment, and scaling, thereby facilitating higher developer productivity and innovation. Moreover, Paas also provides a self-service, flexible and agile utility model which permits the uploading of compiled code in .NET or J2EE framework, and instantly deploys and runs standard- as well as custom-built applications. This lengthy process can now be completed faster, rather than consuming weeks/months. Hence, these factors are expected to propel the global platform as a service (PaaS) market growth over the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global platform as a service (PaaS) market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global platform as a service (PaaS) market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the global platform as a service (PaaS) market are ActiveState Software Inc., AT&T Inc., Salesforce.com, Inc., VMware Inc., Amazon.com, Inc., Software AG, Google, Inc., EMC Corporation, Microsoft Corporation, SAP SE, IBM Corporation, Red Hat, Inc., and Oracle Corporation.
• The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global platform as a service (PaaS) market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global platform as a service (PaaS) market.

Detailed Segmentation

• Global Platform as a Service Market, By Implementation Type:
  • Public Cloud
  • Private Cloud
  • Hybrid Cloud
• Global Platform as a Service Market, By Type:
  • Application Development
  • AIM
  • Business Intelligence Platform
  • Database Management Systems
•  Global Platform as a Service Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • ActiveState Software Inc. *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • AT&T Inc.
  • Salesforce.com, Inc.
  • VMware Inc.
  • Amazon.com, Inc.
  • Software AG
  • Google, Inc.
  • EMC Corporation
  • Microsoft Corporation
  • SAP SE
  • IBM Corporation
  • Red Hat, Inc.
  • Oracle Corporation.

“*” marked represents similar segmentation in other categories in the respective section.