Platform as a Service (PaaS) Market 2019
Industry Overview
Platform as a Service (PaaS)refers to the use of cloud computing for delivering different hardware and software tools. The delivery is usually completed through online services and the products are mainly used for the purpose of application development. Global Platform as a Service (PaaS) market is developing rapidly and growing at a CAGR of over 22%. This growth can be, mainly attributed to increased demand from different sectors such as information technology and automotive.
Global Platform as a Service (PaaS) market was estimated to be worth $15.6 billion and is likely to touch $31.8 billion by 2022.
Market by Top Platform as a Service (PaaS) Companies, this report covers
ActiveState Software Inc.
Salesforce.com, Inc.
Amazon.com, Inc.
Google, Inc.
Microsoft Corporation
IBM Corporation
Oracle Corporation
Red Hat, Inc.
SAP SE
EMC Corporation
Software AG
VMware Inc.
AT&T Inc.
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One of the most important reasons of growth is that Platform as a Service (PaaS) reduces the complexity of high-level programming. This feature makes the application development process more efficient. The demand for Platform as a Service (PaaS) is also expected to receive a positive boost from fast technological advancement, which has helped decrease the cost of deploying the service. This factor has made Platform as a Service (PaaS) more accessible to even smaller firms as they are not required to pay hefty price tag for availing these services.
The report seeks to identify differentiating factors such as regulatory environment and competitive landscape governing the market. Apart from the growth factors, the report also focuses on challenges faced by Platform as a Service (PaaS) industry. However, the persistent increase in research and development expenditure may prove to be detrimental for the expansion of the market as it will increase the prices to be charged for such services.
Market Segmentation
Global Platform as a Service (PaaS) market is highly complex and fast evolving. In order to fully understand the market, it may be divided on the basis of type and application.
On the basis of type, the market may be segmented into Public Cloud, Private Cloud and Hybrid Cloud.
On the basis of Application, global Platform as a Service (PaaS) market may be divided into different segments which are BFSI, Technology, Retail, distribution & CPG, Online Business, Media & Entertainment, Healthcare & Life Sciences, Electronics, Telecom and Others.
The report provides information about various important metrics such as market size, demand potential and external environment analysis for each of these markets.
Regional Analysis
Global Platform as a Service (PaaS) market may be divided into North America, South America, Europe, Asia Pacific and Middle East & Africa segments. The current demand for Platform as a Service (PaaS) is dominated by developed economies in North America and Europe. However, in the future, emerging economies such as India and China are expected to catch up. These global segments tend to have several differentiating characteristics such as demand pattern, economic growth level and regulatory landscape.
Industry News
Global Platform as a Service (PaaS) market is growing at a fast pace and is expected to retain its momentum. As the 2nd largest economy of the world and the game changer in global markets, China exhibits a growth potential at 21.3% in the next couple of years and approximately add US$7.8 Billion in terms of opportunity to be picked up by aspiring businesses.
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Table of Contents –Analysis of Key Points
1 Platform as a Service (PaaS) Market Overview
2 Manufacturers Profiles
3 Global Platform as a Service (PaaS) Market Competition, by Players
4 Global Platform as a Service (PaaS) Market Size by Regions
5 North America Platform as a Service (PaaS) Revenue by Countries
6 Europe Platform as a Service (PaaS) Revenue by Countries
7 Asia-Pacific Platform as a Service (PaaS) Revenue by Countries
8 South America Platform as a Service (PaaS) Revenue by Countries
9 Middle East and Africa Revenue Platform as a Service (PaaS) by Countries
10 Global Platform as a Service (PaaS) Market Segment by Type
11 Global Platform as a Service (PaaS) Market Segment by Application
12 Global Platform as a Service (PaaS) Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix
List of Tables and Figures
Continue….
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