(Companies: Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure and Google Cloud Function)
The global platform as a service (PaaS) market was valued at about $29.58 billion in 2018. The North American market is the largest market for platform as a service.
The Platform as a Service (PaaS) market consists of sales from cloud based platform services. PaaS is a cloud computing model that provides a platform to the customers to develop, run and manage applications over the internet. Revenue in the market is generated by the companies by way of subscriptions and licenses from web/software developers or other business households. There are four different types of PaaS which can be classified as computing platforms, web applications, business application and social applications. Microsoft Azure is a cloud computing service created by Microsoft for building, testing, deploying, and managing applications and services through Microsoft-managed data centers.
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The global platform as a service (PaaS) market is expected to grow to $52.4 billion at a rate of approximately 15.4% through 2022. Many companies are outsourcing application and webhosting to third party managed hosting services companies to reduce the IT infrastructure costs. Procurement of servers, storage devices and other software applications and hire professionals to develop and maintain websites and host applications are much more expensive for businesses than outsourcing these functions to third party managed services companies.
Companies in the industry are increasingly preferring hybrid cloud solutions to increase efficiency, innovation, and reduce costs. Hybrid Cloud refers to a cloud infrastructure environment that is a mixture of private cloud, on-premises computing and public cloud solutions. Platform as a service providing companies in the industry are leveraging this technology to enhance their agility, capability, increase development & deployment speed, and reduce IT costs. Major players in the market are Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure and Google Cloud Function.
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Few Points from Table of Contents:
3. Platform as a Service (PaaS) Market Size And Growth
3.1. Global Platform as a Service (PaaS) Historic Market, 2014 – 2018, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Platform as a Service (PaaS) Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Platform as a Service (PaaS) Market Segmentation
4.1. Global Platform as a Service (PaaS) Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Application Infrastructure and Middleware (AIM)
Database Management Systems (DBMS)
Business intelligence platform (BIP)
Application development on Cloud
4.2. Global Platform as a Service (PaaS) Market, Segmentation By Deployment, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
4.3. Global Platform as a Service (PaaS) Market, Segmentation By End User, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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