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Platform as a Service Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2025

11-12-2019 02:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Platform as a Service Market
Platform as a Service Market

Platform as a Service Market

The latest Platform as a Service Market Research Report 2025 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, key success factors and supply chain analysis.

The rising needs of IT solutions such as agility, scalability, Pay-per-use based pricing, and reduced cost & time is driving the Platform as a Service market growth. Additionally, PaaS also caters to the growing demand for affordable and sophisticated analytic tools, business intelligence, and development software. PaaS development tools help SMEs and startups with pre-coded application components built into the platform such as directory services, workflow, search, and security.

Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/4202

Application Platform as a Service reduces the time-to-market by condensing the project duration by more than half and improving operational efficiency. The rising need to support the enterprise level of applications & related projects, which include technical support, data security, access to external services, and disaster recovery is proliferating the Application Platform as a Service market.

North America held a major share in the Platform as a Service market in 2018 and is anticipated to maintain the dominant share over the forecast timeline. The market growth is attributed to the presence of prominent market players in the region. Additionally, the enterprises present in the region are highly digitized and are increasingly using cloud-based services. The government in the region is investing heavily in the cloud and other infrastructure to support the growth of the PaaS market.

Asia Pacific is growing at a significant CAGR over the forecast timeline due to the rapid growth of IT infrastructure and the high development rate of the corporate sector across countries such as Japan, the Philippines, India, and China. The supportive government investments to propel the IT sector and the increasing digitization across various sectors in the region are contributing to the regional market growth.

The regional Platform as a Service market is expected to gain traction due to its cost-effective pricing, scalability, agility, support, and operational efficiency. The presence of a large number of SMEs across various sectors in the region is anticipated to adopt PaaS due to the absence of properly owned infrastructure and lack of skilled coders & other employees.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/4202

The prominent Platform as a Service market players are focusing on strategic alliances such as mergers, acquisitions, and collaborations to enhance their PaaS capabilities in several end-use applications such as gaming, healthcare, and BFSI. For instance, in January 2018, Microsoft acquired PlayFab, the cross-platform gaming tool vendor. This acquisition will strengthen Microsoft’s offerings in Platform as a Service and tools for cloud gaming development.

Prominent players operating in the Platform as a Service market are Amazon Web Services, Inc., Apprenda (Atos SE), Cloud Foundry, Inc., CloudBees, Inc., Google LLC (Alphabet Inc.), Heroku (Salesforce.com), IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, and TIBCO Software Inc.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology

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