Vidarbha News

Platform as a Service (PaaS) Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2026

 Breaking News
  • No posts were found

Platform as a Service (PaaS) Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2026

September 03
12:44 2023
Platform as a Service (PaaS) Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2026
AWS (US), Microsoft (US), Alibaba Cloud (China), IBM (US), Salesforce (US), Google (US), Oracle (US), SAP (Germany), Mendix (US), Zoho Corporation (India), Engine Yard (US), Apprenda (US), VMware (US), ServiceNow (US), Plesk (Switzerland), Render (US), CircleCI (US), Tray.io (US), Cloud 66 (UK), AppHarbor (US), Jelastic (US), and Blazedpath (US).
Platform as a Service (PaaS) Market by Type (APaaS, IPaaS, DBPaaS), Deployment (Public and Private), Organization Size (Large Enterprises and SMEs), Vertical (Consumer Goods and Retail, BFSI, Manufacturing), and Region (2022 – 2026)

The global Platform as a Service Market size is expected to grow from USD 56.2 billion in 2020 to USD 164.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. PaaS solutions and services enable the development, execution, and management of applications without having to build and maintain infrastructure, platform, or hardware. A PaaS can be considered as an application software platform is provided by another party. It enables non-developers to create web applications through features, such as point and click and built-in Application Programming Interface (APIs).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=814

Application PaaS segment to hold a larger market size during the forecast period

aPaaS is a service that provides deployment and development environments for application services. The aPaaS allows businesses and IT teams to effectively collaborate and deliver new web and mobile applications faster so that organizations can innovate business practices, differentiate within the market, and streamline operational workflows. This cloud service offers numerous benefits, such as smooth integration of applications with other services, hassle-free application management without building and maintaining the infrastructure, and others. These benefits make aPaaS one of the preferred services among a wide range of end users. aPaaS enables rapid application development and delivery. This form provides high productivity and high control. The coding process for PaaS can slow down delivery, but aPaaS brings automation in the application lifecycle and also offers a fast way to build apps.

SMEs segment to grow at the highest CAGR during the forecast period 

SMEs are defined as organizations with an employee strength ranging from 1 to 1,000. SMEs have a low marketing budget and often lack the resources and capabilities for effective marketing orchestration. The majority of SMEs are prone to cyberattacks as compared to large enterprises due to the lack of security infrastructure. According to a survey, nearly 43% of cyberattacks occur in small enterprises. Hence, SMEs need robust infrastructure to fight against cyberattacks and avoid data loss and downtime. In comparison with the large enterprises segment, the SMEs segment is facing various challenges in terms of resources. SMEs focus on reducing the overall cost and adopt enhanced infrastructures. They require a flexible payment model for better cost optimization of their business processes.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=814

Unique Features in Platform as a Service (PaaS) Market:

Features unique to the Platform as a Service (PaaS) industry make it easier to design and deploy applications. PaaS makes deployment easier by providing pre-configured infrastructure, allowing developers to concentrate on writing code. While customised development frameworks streamline coding practises, automatic scalability and flexibility efficiently accommodate varied workloads.

Through continuous integration and delivery pipelines, PaaS platforms integrate DevOps, encouraging collaboration. Integration is made easier by managed database services, while modularity is improved by microservices design. Support for many clouds lessens vendor lock-in, and containerization technologies enable effective deployment.

External APIs and data sources can be connected to easily with the help of integration services, and monitoring and analytics tools that are already incorporated into the system can offer insightful data. With features like identity management and encryption, PaaS systems place a high priority on security. Cost management capabilities optimise resource consumption and budget allocation, collectively making PaaS a tempting option for quick and effective application development.

Major Highlights of the Platform as a Service (PaaS) Market:

Through pre-configured infrastructure, PaaS streamlines application deployment, freeing developers to concentrate on development. Application development is sped up by customised development frameworks, automatic scalability, and flexibility.

Continuous integration and delivery pipelines in PaaS make it easier to integrate DevOps practises. While microservices architecture improves scalability, managed database services simplify database integration. Support for several clouds lessens vendor dependence, and deployment efficiency is improved by containerization technologies.

Connection to external APIs and data sources is made simple via integration services. In-built analytics and monitoring tools offer insightful data, while PaaS systems place a high priority on security with features for identity management and encryption. PaaS is a tempting option for simplified application development since effective cost management solutions optimise resource allocation and budget consumption.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=814

Top Key Companies in Platform as a Service (PaaS) Market:

The PaaS market comprises major providers, such as AWS (US), Microsoft (US), Alibaba Cloud (China), IBM (US), Salesforce (US), Google (US), Oracle (US), SAP (Germany), Mendix (US), Zoho Corporation (India), Engine Yard (US), Apprenda (US), VMware (US), ServiceNow (US), Plesk (Switzerland), Render (US), CircleCI (US), Tray.io (US), Cloud 66 (UK), AppHarbor (US), Jelastic (US), Platform.sh (France), Scalingo (France), PythonAnywhere (US), and Blazedpath (US). The study includes an in-depth competitive analysis of key players in the PaaS market with their company profiles, recent developments, COVID-19 developments, and key market strategies. The players in this market have embraced different strategies to expand their global presence and increase their market shares. New product launches and enhancements, partnerships, merger and acquisitions, have been the most dominating strategies adopted by the major players from 2018 to 2021, which helped them strengthen their offerings and broaden their customer base.

AWS was founded in 2006 and is headquartered in Washington, US. The company is a business unit of Amazon.com. It provides a diverse range of cloud computing services, making it easier for customers to receive tailored services as per their business requirements. AWS cloud product offerings include networking and content delivery, compute, and storage. It offers highly reliable, scalable, and low-cost IT infrastructure services on the cloud. It offers other products, such as database, deployment, management, application services, and analytics. Amazon Elastic Beanstalk gives users an easy way to deploy and provision cloud-based resources that automate setting up applications on AWS. The user just has to upload their applications, and everything from load balancing, provisioning, application health monitoring, and auto-scaling will be handled by Amazon Elastic BeanStalk.

IBM is a leading multinational company that develops hardware and software technologies for computer systems and provides consulting services. The company was founded in 1911 and is headquartered in New York, US. The company is a leading provider of cognitive solutions that have AI capabilities for data and analytics. IBM offers IBM Cloud products categorized as IBM Bluemix PaaS, IBM Cloud IaaS, and IBM SaaS. These categories include products, such as compute, network, storage, management, security, and databases. Additionally, it innovates new platform models based on cloud computing; therefore, it has become a global leader in hybrid cloud enterprise solutions. It has a robust global presence in North America, Europe, MEA, Latin America, and APAC. IBM has robust partner relations with potential and leading market players, such as Infor, ADP, VMware, and Inversoft. The company caters to various verticals, including automotive, aerospace and defense, healthcare, government, insurance, retail, telecommunications, and media and entertainment.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/enterprise-platform-as-a-service-paas-market-814.html

Categories