Global Platform-as-a-Service Market By Solution (Business Application Platforms, Raw Computing Platforms, Social Application Platforms and Web Application Platforms), Deployment (Public Cloud, Private Cloud and Hybrid Cloud), Type (Application, Application Development and Management, Application Infrastructure and Middleware (AIM), Integration, Business Intelligence Platform (BIP), Business Process Management (BPM) and Data Management/DBMS), Organization Size (Large-Scale, Medium Scale and Small-Scale), End Users (BFSI, Healthcare and Life Sciences, Telecom, Technology, E-Commerce, Electronics, Media and Entertainment, Educational Services, Professional Services, Public Sector, Retail and Distribution of CPG, Manufacturing, Travel and Transport, Energy and Utility and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Platform-as-a-Service Software Market
Growing need for reducing organizational costs, as well as promoting efficiency of operations amongst various operational cycles are the major factors attributable to the rise in platform-as-a-service market value. Data Bridge Market Research analyses that the platform-as-a-service market will exhibit a CAGR of 19.6% for the forecast period of 2021-2028. This signifies that the market value will rise up to USD 235.01 billion by the year 2028.
Platform-as-a-service is a cloud computing technology that provides a platform to the consumers wherein they can manage, develop and run their applications. Platform-as-a-service allows the clients or the consumers to develop on-premise hardware and software to run a new application.
The increasing need to reduce time to market and cost of application development is a key market growth driving factor. Rising big data complexities coupled with increasing demand by the enterprises to gain a competitive advantage over the competition are other market growth determinants. Also, rise in the application of platform-as-a-service by the various end users such as BFSI, healthcare and life sciences, telecom, public sector, retail and distribution of CPG, manufacturing, travel and transport, energy and utility and others is another factor bolstering the market growth rate.
However, security concerns related to the adoption of public cloud will act as a growth restraint for the platform-as-a-service market. Lack of awareness regarding the product offerings coupled with cloud washing complexities will further dampen the growth rate of the market.
This platform-as-a-service market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on platform-as-a-service market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Platform-as-a-Service Market Scope and Market Size
The platform-as-a-service market is segmented on the basis of solution, deployment, type, organization size and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of solution, the platform-as-a-service market is segmented into business application platforms, raw computing platforms, social application platforms and web application platforms.
- On the basis of deployment, the platform-as-a-service market is segmented into public cloud, private cloud and hybrid cloud.
- On the basis of type, the platform-as-a-service market is segmented into application, application development and management, application infrastructure and middleware (AIM), integration, business intelligence platform (BIP), business process management (BPM) and data management/DBMS.
- On the basis of organization size, the platform-as-a-service market is segmented into large- scale medium scale and small-scale.
- On the basis of end users, the platform-as-a-service market is segmented into BFSI, healthcare and life sciences, telecom, technology, e-commerce, electronics, media and entertainment, educational services, professional services, public sector, retail and distribution of CPG, manufacturing, travel and transport, energy and utility and others.
Global Platform-as-a-Service Market Country Level Analysis
The platform-as-a-service market is analysed and market size, volume information is provided by country, solution, deployment, type, organization size and end users as referenced above.
The countries covered in the platform-as-a-service market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market and its market share will continue to expand during the forecast period owing to the high rate of adoption of platform-as-a-service by the end user verticals. Also, increased research and development proficiencies to improve the technology will expand the scope of growth in future. Asia-Pacific on the other hand will project the highest growth rate during the forecast period. This is because of the increased focus of the major players to expand in this region.
The country section of the platform-as-a-service market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Platform-as-a-Service Market Share Analysis
The platform-as-a-service market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to platform-as-a-service market.
The major players covered in the platform-as-a-service market report are Oracle, SAP, IBM, Microsoft, Amazon Web Services, Inc., Alibaba Cloud, Google LLC, Salesforce.com, inc., Bloomberg Finance L.P., FactSet, Atos SE, Engine Yard, FUJITSU, Red Hat, Inc., ActiveState Software Inc., Dell, Software AG, VMware, Inc., AT&T Intellectual Property. and CloudBees, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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