Global Platform as a Service (PaaS) Market was valued US$ 28.60 Bn. in 2019 and is expected to reach US$ 61.80 Bn. by 2027, at a CAGR of 11.64 % during a forecast period.

The cloud computing, software as a service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) are denoting new developments in the software industry, which are completely transforming the way software is produced, consumed, and distributed. The PaaS services include the options like development tools, middleware, a runtime environment, and self-service options.

Global Platform as a Service (PaaS) Market, Dynamics:

An enterprise value-driven approach is a suitable option to empower PaaS adoption within the IT service operating model. Many organizations are moving to adopt PaaS service solution for facilitation of their DevOps models and cloud-sourced business analytics. In addition, companies are moving to public PaaS to provide high availability to their customers and to gain the ability to scale their cloud-based offerings at low cost IT infrastructure expenditure. Organizations prefer private PaaS service, which are primarily driven by requirements for security, control and customize their environment.

Many businesses are expected to move toward PaaS in a multitude of ways during the forecast period. A one-size-fits-all approach for PaaS providers is unsustainable and will need to adopt a PaaS model of some sort to be competitive and to bring agility and increased productivity to their development and IT teams.

Global Platform as a Service (PaaS) Market, Segment Analysis:

PaaS is more cost-effective than IaaS services in many cases. The consumer of the PaaS service doesn’t need to manage and provision virtual machines. In addition, some providers have a pay-as-you-go pricing structure, in which service provider will take only charges for the computing resources used by the application. However, each service provider has a slightly different pricing structure.

An introduction of video communication PaaS service is one of the major global platforms, which is influencing growth in the global platform as a service (PaaS) market. Video communication PaaS is widely adopted in end-user industries for training employees, meetings, interviews, and other purposes. It also enables developers to add a variety of attributes like real-time communication feature to cloud computing to empower the communication consumers without the requirement for back-end interfaces.

Global Platform as a Service (PaaS) Market, Regional Analysis:

North America region is estimated to hold the dominant position in the global platform as a service (PaaS) market. The growth in the market is attributed to the rise in adoption of cloud computing services in the developed countries like US and Canada. In addition, the pay-as-you-go model, which is offered by service providers in the region, has positively influenced the adoption of PaaS solutions. High-adoption rate of cloud-based services by various enterprises and small and medium scale businesses are expected to boost the regional growth during the forecast period.

Global Platform as a Service (PaaS) Market, Competitive Analysis:

Platform-as-a-Service (PaaS) is a fast growing market, which is quickly attracting both enterprise vendors like Microsoft, IBM, EMC/VMware and Oracle to offer compensation in agility, flexibility, and scalability. Many service vendors are investing in cloud, virtualization, and orchestration and manufacturers are attempting to deliver more compute horsepower at lower cost. Some of the prominent key players are creating a generation of custom applications, which are leveraging the potential of cloud capabilities. They are also concentrating to deal with the pressures of creating great business value by delivering increased flexibility and speed.

The objective of the report is to present a comprehensive analysis of the Global Platform as a Service (PaaS) Market including
all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Platform as a Service (PaaS) Market dynamics, structure by analyzing the market segments and projects the Global Platform as a Service (PaaS) Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Platform as a Service (PaaS) Market make the report investor’s guide.
Scope of the Global Platform as a Service (PaaS) Market

Global Platform as a Service (PaaS) Market, By Solution

• Business application platforms
• Raw compute Platforms
• Social application platforms
• Web application platforms
Global Platform as a Service (PaaS) Market, By Implementation models

• Public cloud
• Private cloud
• Hybrid cloud
Global Platform as a Service (PaaS) Market, By Usage

• Application Development and Maintenance (ADM)
• Business Process Management (BPM)
• Integration
• Other
Global Platform as a Service (PaaS) Market, By End User

• Banking & Financial Sector (BFSI)
• Consumer Goods & Retail
• Education
• Gaming
• Healthcare
• Logistics & Transportation
• Public Sector & Government
• Telecommunications & IT
• Travel & Hospitality
• Others
Global Platform as a Service (PaaS) Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Platform as a Service (PaaS) Market

• Engine Yard
• Gigaspaces
• Google
• Ibm
• Intuit
• Longjump
• Microsoft
• Netsuite
• Oracle
• Red Hat
• Salesforce
• Sap
• Tibco Software
• Vmware
• Wso2
• Activestate
• Amazon
• At&T Synaptic
• Bungee Labs
• Citrix
• Cloudbees Inc.
• Cordys
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