Press release
Application Platform as a Service (aPaaS) Market Regional Outlook,Overview, Dynamics and Competitiveness
Application platform as a service (aPaaS) is a type of platform as a service (PaaS) that support the development, deployment, and execution of application in cloud. The services of aPaaS include data management and user interface management, and it also encapsulates various resources within, such as application infrastructure. The prime factor for which the global Application Platform as a Service Market is on the rise, particularly in the PaaS environment, is its capability to support the enterprise level of applications and related projects, which include disaster recovery, data security, technical support, and access to external services.
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Cloud computing is already revolutionizing every way that today’s businesses deal with their information technology (IT) challenges. aPaaS is also an advanced cloud service that provides various cross industry end users with operating systems, large network capacity, hardware & storage requirements, and execution base for existing applications; and help them meet various application platform related challenges.
The global aPaaS market is segmented on the basis of service, cloud deployment type, enterprise size, industry vertical, and region. The enterprise size category is further bifurcated into small & medium enterprise (SME), and large enterprise. Of the two enterprise sizes, large enterprise accounted for a larger market and is also expected to generate the highest demand for aPaaS, during the forecast period. The aPaaS market in private cloud has been generating highest revenue. On the basis of service, the market is classified into implementation & integration, consulting, and maintenance service.
Currently, North America has been leading the aPaaS market in terms of revenue generation. The trend of application of everything is escalating the application-based market in the region. The market in Asia-Pacific is expected to grow the fastest during the forecast period. Robust growth in IT infrastructure, huge investments by governments, and increasing rate of corporate sector development in China and India are expected to back the growth of the regional market.
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Some of the key players in the industry include SAP SE, Microsoft Corporation, IBM Corporation, Salesforce.com, Mendix, Inc., Red Hat Inc., Engine Yard Inc., Software AG, and MIOsoft Corporation.
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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