Platform as a Service (PaaS) Market Global Size Overview, Growth Drivers, Industry Share and Forecast to 2027

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Market Analysis 

The platform as a service market is predicted to touch USD 12 billion at a healthy 26% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Platform as a service/ PaaS, simply put, is a cloud service delivery model where third-party cloud service providers offer software and hardware tools to people in need of complete deployment and development of applications online. Such services offer a platform that enables customers in developing, running, and managing services sans dealing with complex building & maintenance of infrastructure to create an app. Hybrid cloud, private, and the public are its different deployment that is widely used in telecommunication and IT, consumer goods and retail, education, healthcare, and life sciences, government and public sector, banking and financial sector, and others. 

Various factors are propelling the global paas market share. According to the recent MRFR report, such factors include the growing adoption of cloud based services & IoT technology among small and medium enterprises, burgeoning demand of application development platforms, & technological advances in the platform as a service. Besides, the growing demand for platform as a service during the COVID-19 pandemic is also adding market growth. 

On the contrary, customer captivity, limited flexibility, and data security are factors that may limit the global paas market share over the forecast period. 

 

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Market Segmentation 

The MRFR report highlights an inclusive segmental analysis of the global platform as a service market based on industry, end user, type, and deployment. 

By deployment, the global platform as a service market is segmented into hybrid cloud, private, and public. 

By type, the global platform as a service market is segmented into data management, integration, application, and others. 

By end user, the global platform as a service market is segmented into SMES and others. 

By industry, the global platform as a service market is segmented telecommunication and IT, consumer goods and retail, education, healthcare and life sciences, government and public sector, banking and financial sector, and others. 

 

Regional Analysis

Based on the region, the global platform as a service market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). Of these, North America will spearhead the market over the forecast period. The growing use of cloud-based services by different businesses and enterprises, the presence of highly digitalized enterprises, and the presence of leading cloud service providers are adding to the global platform as a service market growth in the region. 

In the APAC region, the platform as a service market is predicted to grow at a fast pace over the forecast period. High growth in IT sectors, telecom, big data, and cloud services, the booming IT infrastructure, developing corporate sector in China, India, Philippines, and Japan, supportive investments by the government to propel the IT industry, and increasing digitalization in different sectors. Besides, its operational efficiency, support, agility, scalability, and cost-effective pricing, and the presence of several leading manufacturers are also adding market growth. 

The platform as a service market in Europe is predicted to have notable growth over the forecast period. The growing use of cloud services by several VSMs and SMEs at the application level with the higher enterprise is adding to the global platform as a service market growth in the region.

 

Key Players

Leading contenders profiled in the global platform as a service market report include Red Hat, Inc. (U.S.), Fujitsu Ltd. (Japan), Engine Yard, Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Microsoft Corporation (U.S.), Amazon.com, Inc. (U.S.), Google, Inc.(U.S.), Apprenda Inc. (U.S.), and Salesforce.com (U.S.). 

 

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TABLE OF CONTENTS

1. REPORT PROLOGUE

2. INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 RESEARCH OBJECTIVE

2.2.2 ASSUMPTIONS

2.2.3 LIMITATIONS

2.3 MARKET STRUCTURE

3. RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

...

12 COMPANY PROFILE

12.1 SALESFORCE.COM

12.1.1 COMPANY OVERVIEW

12.1.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

12.1.3 FINANCIAL UPDATES

12.1.4 KEY DEVELOPMENTS

12.2 APPRENDA INC.

12.2.1 COMPANY OVERVIEW

12.2.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

12.2.3 FINANCIAL UPDATES

12.2.4 KEY DEVELOPMENTS

12.3 GOOGLE, INC.

12.3.1 COMPANY OVERVIEW

12.3.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

12.3.3 FINANCIAL UPDATES

12.3.4 KEY DEVELOPMENTS

12.4 AMAZON.COM, INC.

12.4.1 COMPANY OVERVIEW

12.4.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

12.4.3 FINANCIAL UPDATES

12.4.4 KEY DEVELOPMENTS

12.5 MICROSOFT CORPORATION

12.5.1 COMPANY OVERVIEW

12.5.2 PRODUCT/BUSINESS SEGMENT OVERVIEW

12.5.3 FINANCIAL UPDATES

12.5.4 KEY DEVELOPMENTS

12.6 SAP SE

12.7 ORACLE CORPORATION

12.8 ENGINE YARD, INC.

12.9 FUJITSU LTD.

12.10 RED HAT, INC

...

 

About Market Research Future:

At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

 

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