Overview and Scope
Platform-as-a-Service (PaaS) refers to a cloud computing model that provides a platform for cloud providers to build apps for developers.
Sizing and Forecast
The platform as a service (paas) market size has grown strongly in recent years. It will grow from $60.26 billion in 2023 to $63.37 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to cloud computing adoption, developer productivity, cost efficiency, innovation and agility.
The platform as a service (paas) market size is expected to see strong growth in the next few years. It will grow to $87.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to digital transformation, hybrid and multi-cloud strategies, edge computing, ai and machine learning. Major trends in the forecast period include hybrid and multi-cloud paas, serverless computing, kubernetes and container orchestration, artificial intelligence (ai) and machine learning (ml) tools.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/platform-as-a-service-global-market-report
Segmentation & Regional Insights
The platform as a service (paas) market covered in this report is segmented –
1) By Type: Application Infrastructure and Middleware (AIM), Database Management Systems (DBMS), Business intelligence platform (BIP), Application development on Cloud
2) By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
3) By End User: Financial Institutions and Services (BFSI), Technology, , Retail, Distribution, Education services, , Travel and transport, Healthcare and life sciences, Other End-Users
North America was the largest region in the Platform as a Service (PaaS) market in 2023. Western Europe was the second largest region in the Platform as a Service (PaaS) market. The regions covered in the platform as a service (paas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2384&type=smp
Major Driver Impacting Market Growth
The increasing internet penetration is expected to drive the growth of the platform as a service (PaaS) market. With an increase in accessible technology, broadband internet is accessible for many consumers. The increased internet penetration increases consumption and usage of different applications over the internet, driving demand for PaaS providers. For example, in October 2022, according to DataReportal, a Singapore-based online reference library, 5.07 billion people around the world were using the internet equivalent to 63.5% of the world’s total population. Internet users continue to grow too, with the data, indicating that the world’s connected population grew by more than 170 million in the past 12 months. Additionally, in July 2022, according to Livemint, an India-based financial daily newspaper, there were 692 million active internet users in India, including 351 million from rural India and 341 from urban India. The report estimates that there will be 900 million internet users in India by 2025. Therefore, the increasing internet penetration is expected to drive the growth of the platform as a service (PaaS) market.
Key Industry Players
Major companies operating in the platform as a service (paas) market include Amazon Web Services Inc., Salesforce Inc., International Business Machines Corporation, Microsoft Corporation, Google LLC, Red Hat Inc., Oracle Corporation, SAP SE, Engine Yard, ActiveState Software Inc., Software AG, VMware Inc., EMC Corporation, AT&T Inc., Cloud Foundry Inc., Heroku, Mendix Technology BV, Pivotal Cloud Foundry, DigitalOcean Holdings Inc., Jelastic, CloudBees Inc., Apprenda Inc., CenturyLink Cloud, Joyent Inc., Rackspace Technology, Cloudify, Docker Inc., OpenStack, OpenNebula Systems, OpenShift Origin
The platform as a service (paas) market report table of contents includes:
- Executive Summary
- Platform as a service (PaaS) Market Characteristics
- Platform as a service (PaaS) Market Trends And Strategies
- Platform as a service (PaaS) Market – Macro Economic Scenario
- Global Platform as a service (PaaS) Market Size and Growth
.
.
.
- Global Platform as a service (PaaS) Market Competitive Benchmarking
- Global Platform as a service (PaaS) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Platform as a service (PaaS) Market
- Platform as a service (PaaS) Market Future Outlook and Potential Analysis
- Appendix
Top Major Players:
- Amazon Web Services Inc
- Salesforce Inc
- International Business Machines Corporation
- Microsoft Corporation
- Google LLC
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model