Platform as a service market
Platform as a Service (PaaS) Market, By Implementation Type (Public Cloud, Private Cloud and Hybrid Cloud), By Type (Application Development, AIM, Business Intelligence Platform and Database Management Systems), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Dec 2022
- CMI4181
- 135 Pages
- Excel & Pdf
- Information and Communication Technology
Platform as a service or also referred to as an application platform as a service is a category of cloud computing services. In PaaS customers are provided with a computing platform and various solutions or tools to develop applications. PaaS helps in the development of applications or services without the complexity of provisioning hosting capabilities and the cost of managing and buying the underlying software and hardware. Thus, PaaS provides low initial cost, resource sharing, incremental cost with growth in your service usage, management services, automated deployment, reuse, and life-cycle management.
The global platform as a service (PaaS) market is estimated to account for US$ 101,168.9 Mn in terms of value by the end of 2030.
Recent Developments:
- In January 2021, Microsoft, a technology corporation, launched a new wisely blockchain-enabled PaaS service that was made available for businesses, mobile carriers, OTT providers, marketers, and industry regulators to enhance their level of service.
- In May 2021, Google Cloud, a suite of cloud computing services, introduced Vertex AI. A managed ML platform that enables businesses to manage models more quickly and easily in order to keep up with changing business requirements.
Restraint:
- High fragmentation of the market is expected to hamper the global platform as a service (PaaS) market growth over the forecast period
- Lack of awareness leading to low adoption by SMEs is expected to hinder growth of the global platform as a service (PaaS) market during the forecast period
Platform as a Service (PaaS) Market Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 10,243.5 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 29.2% | 2030 Value Projection: | US$ 101,168.9 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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. |
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Growth Drivers: |
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Restraints & Challenges: |
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Platform as a Service Market - Impact of Coronavirus (Covid-19) Pandemic:
Due to the Covid-19 pandemic, many industries witnessed a significant shift in their business. There was a significant impact on the platform as a service (PaaS) market, as most countries had announced lockdowns and many industries rapidly closed their business to reduce the spread of the COVID-19 pandemic. Further, the healthcare sector needed more secure and scalable cloud infrastructure in order to maintain proper patient information with high speed and flexibility. Hence, during the pandemic, there was a high need for advanced technologies such as cloud computing, and big data analytics for the analysis of patient data.
All such factors lead to the high growth of the platform as a service (PaaS) market during a pandemic
Figure 1: Global Platform as a Service (PaaS) Market Share (%), By Region, 2021
North America held a dominant position in the global platform as a service (PaaS) market in 2021
Statistics:
North America region dominated the global platform as a service (PaaS) market in 2021, accounting for a 31.2% share in terms of value, followed by Asia Pacific, Europe, and Latin America, respectively
Figure 2: Global Platform as a Service (PaaS) Market (US$ Mn) Analysis and Forecast, 2017 - 2030
The global platform as a service (PaaS) market was valued at US$ 10,243.5 Mn in 2021 and is expected to reach US$ 101,168.9 Mn by 2030, growing at a CAGR of 29.2% between 2022 and 2030.
Major players operating 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.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Implementation Type
- Market Snippet, By Type
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
- Market Dynamics
- Global Platform as a Service (PaaS) Market, By Implementation Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Public Cloud
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Private Cloud
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Hybrid Cloud
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Platform as a Service (PaaS) Market, By Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Application Development
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- AIM
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Business Intelligence Platform
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Database Management Systems
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Platform as a Service (PaaS) Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Implementation Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Implementation Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Implementation Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Implementation Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast, By Implementation Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- Introduction
- Competitive Landscape
- Company Profiles
- ActiveState Software Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- AT&T Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- VMware Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Software AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Google, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- EMC Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Microsoft Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- SAP SE
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- IBM Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Red Hat, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Oracle Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- ActiveState Software Inc.
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Global Platform as a Service (PaaS) Market- Global forecast to 2030”.
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
- By Implementation Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
- By Type:
- Application Development
- AIM
- Business Intelligence Platform
- Database Management Systems
- By Country:
- U.S.
- Canada
- By Implementation Type:
- Europe
- By Implementation Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
- By Type:
- Application Development
- AIM
- Business Intelligence Platform
- Database Management Systems By Country:
- Germany
- Italy
- U.K.
- France
- Russia
- Rest of Europe
- By Implementation Type:
- Asia Pacific
- By Implementation Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
- By Type:
- Application Development
- AIM
- Business Intelligence Platform
- Database Management Systems
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Implementation Type:
- Latin America
- By Implementation Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
- By Type:
- Application Development
- AIM
- Business Intelligence Platform
- Database Management Systems
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Implementation Type:
- Middle East and Africa
- By Implementation Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
- By Type:
- Application Development
- AIM
- Business Intelligence Platform
- Database Management Systems
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- By Implementation Type:
- North America