Global Platform as a Service (PaaS) Market Report 2021-2025
Dublin, June 23, 2021 (GLOBE NEWSWIRE) – The “Platform as a service (PaaS) Global Market Report 2021: Impact and recovery of COVID-19 until 2030” the report was added to ResearchAndMarkets.com offer.
The global Platform as a Service (Paas) market is expected to grow from $ 47.29 billion in 2020 to $ 54.09 billion in 2021 at a compound annual growth rate (CAGR) of 14.4%.
The report covers the market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the historical and forecast growth of the market by geography.
The major players in the Platform as a Service (PaaS) market are Amazon web service, Salesforce platform, IBM Cloud Foundry, Microsoft Azure, and Google Cloud Function.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges.
The market is expected to reach $ 88.11 billion in 2025 at a CAGR of 13%.
The Platform as a Service (PaaS) market includes sales of cloud-based platform services. PaaS is a cloud computing model that provides a platform for customers to develop, run, and manage applications over the Internet. Market revenues are generated by businesses through subscriptions and licenses from web / software developers or other commercial households.
There are four different types of PaaS which can be categorized into computing platforms, web applications, business applications, and social applications. The overall turnover of this industry is the cumulative turnover of all companies engaged in the provision of any of the above services. Some of the Paas providers are Salesforce, Heroku, Amazon Web Service (AWS), Elastic Beanstalk, and Microsoft Azure etc.
Companies in the industry increasingly prefer hybrid cloud solutions to increase efficiency, innovation and reduce costs. Hybrid cloud refers to a cloud infrastructure environment that is a mix of private cloud, on-premises computing, and public cloud solutions. Industry platform-as-a-service companies are leveraging this technology to improve agility, capabilities, increase speed of development and deployment, and reduce IT costs.
For example, Amazon Web Service, a cloud computing platform, has developed a set of hybrid capabilities in the industry to capitalize on the global market. Some of the major hybrid cloud providers are Amazon, Microsoft, and VMWare, followed by other technology companies IBM, Apple, Google, Cisco, Hewlett-Packard, Dell, Oracle, and Rackspace.
As PaaS is an online platform, it faces security risks and threats that could be a constraint on the market. Companies in the industry consider security perspectives such as privacy, access control and service continuity to protect both the service provider and the user. According to PurpleSec cybersecurity statistics, ransomware attacks are expected to cost $ 6 trillion per year by 2021.
PaaS services are often prone to certain vulnerabilities such as lax default application configuration and flaws in Secure Socket Layers (SSL) protocols. For example, some of the common risk issues encountered in Microsoft Azure are misplaced or lost Linux updates, lost third-party patches, and unavailability of Microsoft updates.
Many companies outsource applications and web hosting to third-party managed hosting service companies to reduce IT infrastructure costs. Buying servers, storage devices, and other software applications and hiring professionals to develop and maintain websites and hosting applications is much more expensive for businesses than outsourcing these functions to. third-party managed service companies.
Main topics covered:
2. Characteristics of the Platform as a Service (PaaS) market
3. Platform as a Service (PaaS) Market Trends and Strategies
4. Impact of COVID-19 on Platform as a Service (PaaS)
5. Platform as a Service (PaaS) Market Size and Growth
5.1. Historical Global Platform as a Service (PaaS) market, 2015-2020, in USD billion
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global Platform as a Service (PaaS) Forecast Market, 2020-2025F, 2030F, in USD Billion
5.2.1. Market drivers
5.2.2. Market constraints
6. Platform as a service (PaaS) market segmentation
6.1. Global Platform as a Service (PaaS) Market, Segmentation by Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
- Application infrastructure and middleware (AIM)
- Database management systems (DBMS)
- Business Intelligence Platform (BIP)
- Cloud application development
6.2. Global Platform as a Service (PaaS) Market, Segmentation by Deployment, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion USD
- Public cloud
- Private cloud
- Hybrid cloud
6.3. Global Platform as a Service (PaaS) market, segmentation by end user, history and forecast, 2015-2020, 2020-2025F, 2030F, billion dollars
- Financial institutions and services (BFSI)
- Education services
Travel and transport
Health and Life Sciences
- Amazon web service
- Salesforce platform
- IBM Cloud Foundry
- Microsoft Azure
- Google Cloud function
- Red Hat Inc.
- Oracle Cloud PaaS
- SAP SE
- Motor yard
- ActiveState Software Inc.
- Software AG
- VMware Inc.
- Cloud Foundry
- EMC Corporation
- AT&T Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/6pfjnd