Global Platform-as-a-Service (PaaS) Market 2023-2027
The platform-as-a-service (PaaS) market is forecasted to grow by USD 80.82 bn during 2022-2027, accelerating at a CAGR of 26.42% during the forecast period. The report on the platform-as-a-service (PaaS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the reduction in the cost of application development and time, streamlined application management, and ensuring business continuity and simplification of disaster recovery with a cloud.
Technavio's platform-as-a-service (PaaS) market is segmented as below:
By Product
- Public cloud
- Private cloud
- Hybrid cloud
By Type
- Application PaaS
- Integration PaaS
- Database PaaS
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the shift toward cloud solutions as one of the prime reasons driving the platform-as-a-service (PaaS) market growth during the next few years. Also, the emergence of video communication PaaS and increased adoption of PaaS will lead to sizable demand in the market.
The report on the platform-as-a-service (PaaS) market covers the following areas:
- Platform-as-a-service (PaaS) market sizing
- Platform-as-a-service (PaaS) market forecast
- Platform-as-a-service (PaaS) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading platform-as-a-service (PaaS) market vendors that include Alphabet Inc., Amazon.com Inc., Atos SE, Dell Technologies Inc., DevFactory FZ LLC, Furukawa Electric Co. Ltd., International Business Machines Corp., Microsoft Corp., Oracle Corp., Platform.sh SAS, Progress Software Corp., Salesforce Inc., SAP SE, Siemens AG, Software AG, Tata Sons Pvt. Ltd., Virtuozzo International GmbH, VMware Inc., Zerone Consulting Pvt. Ltd., and Zoho Corp. Pvt. Ltd.. Also, the platform-as-a-service (PaaS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.