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Platform As A Service (PaaS) Market Outlook, Overview, Growth Rate, Demands And Key Players| Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure, Google Cloud Function
Platform as a Service (PaaS) Market
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The global platform as a service (PaaS) market report by the business research company identifies increasing many companies are outsourcing application and webhosting to third party managed hosting services companies to reduce the IT infrastructure costs to be a major growth driver for the platform as a service (PaaS) market. 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.
The global platform as a service (PaaS) market grew from $49.41 billion in 2021 to $57.61 billion in 2022 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The platform as a service (PaaS) market is expected to grow to $91.71 billion in 2026 at a CAGR of 12.3%.
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North America was the largest region in the Platform as a Service (PaaS) market in 2021. 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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the Platform as a Service (PaaS)market are Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure, Google Cloud Function, Red Hat, Inc., Oracle Cloud PaaS, SAP SE, Engine Yard, ActiveState Software Inc., Software AG, VMware Inc., Cloud Foundry, EMC Corporation and AT&T Inc.
The global platform as a service (PaaS) market 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, Others
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The Platform As A Service (PaaS) Market Report Contents Include
1. Executive Summary
2. Platform as a Service (PaaS) Market Characteristics
3. Platform as a Service (PaaS) Market - Macro Economic Scenario
4. Platform as a Service (PaaS) Market Size And Growth
5. Platform as a Service (PaaS) Market Segmentation
....
28. Platform as a Service (PaaS) Market Trends And Strategies
29. Platform as a Service (PaaS) Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the platform as a service (PaaS) market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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