The global platform as a service market is expected to grow from $49.41 billion in 2021 to $57.15 billion in 2022 at a compound annual growth rate (CAGR) of 15.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The PaaS market is expected to reach $96.24 billion in 2026 at a CAGR of 13.9%.
What is the Global Platform as a Service (PaaS) Market?
The Platform as a Service (PaaS) market consists of sales from cloud-based platform services. PaaS is a cloud computing model that provides a platform to the customers to develop, run and manage applications over the internet. Revenue in the market is generated by the companies by way of subscriptions and licenses from web/software developers or other business households. There are four different types of PaaS which can be classified as computing platforms, web applications, business application and social applications. The global revenue of this industry is the cumulative revenue of all the companies engaged in providing any of the above services. Some of the Paas providers are Salesforce, Heroku, Amazon Web Service (AWS), Elastic Beanstalk and Microsoft Azure etc.
Get a Sample of the global platform as a service (PaaS) market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2384&&type=smp
What drives the Global Platform as a Service (PaaS) Market?
Many companies are outsourcing application and webhosting to third party managed hosting services companies to reduce the IT infrastructure costs. 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.
Get the full global platform as a service (PaaS) industry report here:
https://www.thebusinessresearchcompany.com/report/platform-as-a-service-global-market-report
Global Platform as a Service (PaaS) Market Segments
The global platform as a service (PaaS) market is segmented:
By Type: Application Infrastructure and Middleware (AIM), Database Management Systems (DBMS), Business Intelligence Platform (BIP), Application Development on Cloud
By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
By End-User: Financial Institutions and Services (BFSI), Technology, Retail, Distribution, Education Services, Travel and Transport, Healthcare and Life Sciences, Others
By Geography: The regions covered in the platform as a service (PaaS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Platform as a Service (PaaS) Global Market Report 2022provides market size and growth forecasts for the global platform as a service (PaaS) market, global platform as a service (PaaS) market share, platform as a service (PaaS) market segments and geographies, platform as a service (PaaS) market competitive landscape including leading competitors’ revenues, profiles and market shares. The platform as a service (PaaS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Platform as a Service (PaaS) Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
