Press release
Platform as a Service Market 2020 - Application Segment to Witness Comprehensive Growth By 2025
Platform as a Service Market
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.
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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 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.
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The Platform as a Service Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipment in units from 2014 to 2025 for the following segments:
Platform as a Service Market, By Solutions, 2014-2025 (USD Million)
• Business Application Platforms
• RAW Computing Platforms
• Social Application Platforms
• Web Application Platforms
Platform as a Service Market, By Enterprise Size, 2014-2025 (USD Million)
• Small and Medium Enterprises (SMEs)
• Large Enterprises
PaaS Market, By Deployment Model, 2014-2025 (USD Million)
• Public Cloud
• Private Cloud
• Hybrid Cloud
By Application, 2014-2025 (USD Million)
• Application Development and Management PaaS (ADM PaaS)
• Business Process Management PaaS (BPM PaaS)
• Application PaaS (APaaS)
• Integration PaaS (IPaaS)
• Other PaaS
By End Use, 2014-2025 (USD Million)
• BFSI
• Education
• Government & Public Sector
• Healthcare
• IT & Telecom
• Logistics & Transportation
• Media, Gaming, & Entertainment
• Retail
• Travel & Hospitality
• Others
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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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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