Press release
Application Platform as a Service Market: Global Forecast over 2016 - 2026
Application platform as a service market is segmented on the basis of end-user, deployment mode, service and region. By end-user, application platform as a service market can be segmented into small business, medium business and large enterprises. Application platform as a service market can be segmented according to deployment mode which includes private cloud, public cloud and hybrid cloud. On the basis of service, application platform as a service market can be segmented into implementation & integration service, maintenance service and consulting service. Regionally, application platform as a service market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.
Application Platform as a Service Market: Regional Outlook
With the phenomenon of “Application of Everything” spurring an app-dominated future, application platform as a service market is anticipated to witness healthy CAGR during the projected period. North America is the dominating region in application platform as a service market and is expected to remain dominant followed by Western Europe during the forecast period. Asia Pacific ranks as the fastest growing regional market for application platform as a service providers with robust growth of IT infrastructure as well as high development rate of corporate sector across countries like China, India, Philippines and others.
Application Platform as a Service Market: Drivers
The growing capital investment on application development for mobile, web and enterprise promises significant growth opportunity for application platform as a service market. Technology advancements in PaaS services is poised to benefit the growth of application platform as a service market. Furthermore, gaining popularity of cloud-based services is further expected to buttress the maturation of application platform as a service market during the projected period. However, risk of vendor lock-in, which bars the end-users from migrating their application to other vendor’s platform, is expected to hinder the growth of application platform as a service market amidst the forecast period 2016-2026.
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Application Platform as a Service Market: Key Players
The key vendors in the application platform as a service market include Microsoft Corporation, Salesforce.com Inc., IBM Corporation, Mendix Inc., Progress Software Corporation, Red Hat Inc., SAP SE, Engine Yard Inc., Software AG, Miosoft Corporation and others. Major vendors in the application platform as a service market follow the strategy of mergers and acquisitions to increase global footprint. In addition, strategic partnerships with major cloud-based integrators is the other strategy followed by the application platform as a service providers to gain competitive edge.
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