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Platform-as-a-Service Market worth $142.87 billion by 2030, growing at a CAGR of 35.27% - Exclusive Report by 360iResearch

01-30-2024 06:16 AM CET | Media & Telecommunications

Press release from: 360iResearch

Platform-as-a-Service Market | 360iResearch

Platform-as-a-Service Market | 360iResearch

The "Platform-as-a-Service Market by Type (Application PaaS, Database PaaS, Integration PaaS), Industry (Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance), Deployment, Organization Size - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Platform-as-a-Service Market to grow from USD 17.23 billion in 2023 to USD 142.87 billion by 2030, at a CAGR of 35.27%.

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Platform-as-a-service (PaaS) is a cloud computing offering that equips developers with a framework they can use to build customized applications. PaaS delivers the infrastructure and middleware, such as databases and messaging systems, necessary to develop, test, deploy, manage, and update software applications. The PaaS provider hosts servers, networks, storage, operating system software, and databases on their infrastructure, freeing developers from installing in-house hardware or software to develop or run a new application. The growing recognition of the advantages of cloud computing, such as cost reduction, scalability, and accessibility, the need for efficient application development frameworks, and the increasing preference for DevOps practices propel the adoption of PaaS solutions. PaaS offers a compelling, agile platform to innovate as organizations aim to accelerate their digital transformation. However, data security and privacy concerns can impede the adoption of cloud services. In addition, issues related to vendor lock-in make it difficult for companies to switch providers or integrate with systems outside their PaaS environment. Organizations may find migration to PaaS challenging due to compatibility issues with existing applications and systems. The growing demand for business process management and application analytics offers new prospects for PaaS providers. Additionally, the rising adoption of the Internet of Things (IoT) and the expansion of edge computing are expected to present significant opportunities for businesses leveraging PaaS solutions.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Platform-as-a-Service Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Platform-as-a-Service Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Platform-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Active State Software Inc., AT&T Inc., Celigo, Inc., Dbsync, EMC corporation, Engine Yard Inc., Flowgear, Informatica, International Business Machines Corporation, Jitterbit, Mendix, Inc. by Siemens AG, Microsoft Corporation, Oracle corporation, Salesforce.com, Inc., and SAP SE.

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Market Segmentation & Coverage:

This research report categorizes the Platform-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Application PaaS, Database PaaS, and Integration PaaS. The Integration PaaS is projected to witness significant market share during forecast period.

Based on Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. The Automotive & Transportation is projected to witness significant market share during forecast period.

Based on Deployment, market is studied across Private and Public. The Public is projected to witness significant market share during forecast period.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Small & Medium-Sized Enterprises is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 226.62% in 2023, followed by Europe, Middle East & Africa.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Platform-as-a-Service Market, by Type
7. Platform-as-a-Service Market, by Industry
8. Platform-as-a-Service Market, by Deployment
9. Platform-as-a-Service Market, by Organization Size
10. Americas Platform-as-a-Service Market
11. Asia-Pacific Platform-as-a-Service Market
12. Europe, Middle East & Africa Platform-as-a-Service Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Platform-as-a-Service Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Platform-as-a-Service Market?
3. What is the competitive strategic window for opportunities in the Platform-as-a-Service Market?
4. What are the technology trends and regulatory frameworks in the Platform-as-a-Service Market?
5. What is the market share of the leading vendors in the Platform-as-a-Service Market?
6. What modes and strategic moves are considered suitable for entering the Platform-as-a-Service Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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