USD 60.12 billion
PaaS Market Size, Share, Growth Analysis, By Type(Software, Service), By Services(Consulting, Implementing, Training), By Deployment(Cloud, On-Premises), By Organization(Large Enterprises, Small, Medium Enterprises (SMEs)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45D2040 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
115
|Figures:
75
PaaS Market Insights
PaaS Market size was valued at USD 60.12 billion in 2019 and is poised to grow from USD 71.72 billion in 2023 to USD 351.09 billion by 2031, growing at a CAGR of 19.3% in the forecast period (2024-2031).
Platform-as-a-Service (PaaS) is a category of cloud computing services that offers a comprehensive collection of cloud-based application infrastructure and middleware (AIM) services. On its infrastructure, a PaaS provider hosts hardware and software. As a result, PaaS eliminates developers of the need to install on-premises hardware and software to develop or execute a new application.
Platform-as-a-service (PaaS) reduces costs and improves operational efficiency for companies and developers by delivering templates and app development tools as a utility, allowing for simple and inventive application development and delivery. Increased enterprise engagement at the appliance level, fueled by rising mobile penetration, is expected to fuel PaaS growth in the region. Many large cloud providers have entered the PaaS area in recent years, indicating the growing popularity of the service.
US PaaS Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud
Fastest Growth
On-Premise
Growth Rate
19.3% CAGR
Global PaaS Market , 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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PaaS Market Segmental Analysis
The Global Platform as a Service (PaaS) market is segmented based on Type, Services, Deployment, Organization, Application and Region. Based on Type it is categorized into: Software, Service. Based on Services it is categorized into: Consulting, Implementing, Training. Based on Deployment it is categorized into: Cloud, On-Premise. Based on Organization it is categorized into: Large Enterprises, Small and Medium Enterprises (SMEs). Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
PaaS Market Analysis by Deployment
Public cloud deployment holds a largest PaaS Market size in 2020. The public cloud industry is expanding as more SMEs adopt public PaaS. It provides a broad range of data recovery services as well as infrastructures such as hardware, operating systems, software, and middleware servers for running applications across several platforms. Furthermore, because public cloud services are simple to use, businesses are embracing them. Furthermore, with the use of public cloud solutions, platform solutions such as big data, data analytics, and the Internet of Things become more accessible (IoT). Various enterprises are migrating toward public cloud offerings to meet the growing demand for public cloud solutions. for instance, Red Hat OpenShift, is an open-source enterprise PaaS. The company's public PaaS version of OpenShift is available on Red Hat Enterprise Linux (RHEL).
PaaS Market Analysis by Organization Size
Large enterprises are expected to hold a majority of the PaaS Market share during the forecast period. Digitalization is becoming increasingly popular among large organizations. Because of the presence of a large workforce, major organizations are seeing increased interconnection of bandwidths and mobility trends. Large organizations have a large corporate network and numerous revenue streams. These firms are likewise ready to invest in new and cutting-edge technologies to run their operations more efficiently. The PaaS market has a stronghold in large organizations, as IT infrastructure in large enterprises becomes more complicated than in SMEs. The increased demand for employees to access computer resources and apps from any location and at any time has made it difficult for businesses to effectively preserve their data, maintain and manage their data centers, and focus on their core competencies.
Global PaaS Market By Deployment , 2021(%)
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PaaS Market Regional Insights
The Global PaaS Market is divided into five primary geographic regions: North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. For major verticals such as IT, BFSI, and telecoms, North America is projected to be the most potential market. The growing budget allocation for cloud services among organizations is likely to boost the market in North America even further. North America is expected to be the most potential market for main verticals such as telecommunications, information technology, and information technology-enabled services (ITeS), business and financial services (BFSI), and government and public sector. The North American PaaS market is likely to increase steadily throughout the forecast period, as organizations use innovative application development technologies at various levels as part of their plan to remain competitive.
Global PaaS Market By Geography, 2021 - 2028
- Largest
- Fastest
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PaaS Market Dynamics
PaaS Market Driver
- Companies' technology landscapes are evolving at an alarming rate, including how infrastructure is constructed and maintained, as well as how software applications are produced and distributed. Time to Market (TTM) is the time it takes a company to offer a product or feature; it is an important aspect in determining an organization's performance, along with the development cost of its products. It is easier to introduce a product when you have more control over the development process. Almost all businesses value TTM and strive to enhance it, however, the majority of businesses fail to achieve the required TTM due to inefficiencies in the whole digital landscape.
- The key to empowering developers and improving customer engagement and experiences is digital transformation. Companies want to launch the product as quickly as possible because it is projected that the first software product to hit the market would capture up to 70% of the market share. Companies will incur financial damages if their TTM targets are not met. It has been discovered that introducing a product six months later to the market results in a 33% decrease in profit over five years. On the other hand, if a product is launched on time but is 50% over budget, the profit will be lowered by about 4%.
PaaS Market Restraint
- When marketing teams label their program to make it more appealing, the term cloud washing is used. PaaS systems that have been cloud-washed differ from cloud-native offerings. PaaS systems that have been cloud-washed provide similar architecture and programming approaches. These systems have limited cloud capabilities and provide only incremental improvements. Cloud-native solutions that inject behavior into the application, on the other hand, divorce application code from run-time infrastructure details, boost application density and enable dispersed interactions. End users are frequently unable to discern whether a PaaS is cloud-washed or cloud-native. Cloud-washed solutions use a lot of system resources (such as CPU and memory) and require a lot of administration work. As a result, the usage of cloud-washed solutions is projected to stifle industry growth.
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PaaS Market Competitive Landscape
In today's highly competitive industry, increasing work agility and providing better client experiences have become critical. PaaS is being used by businesses in the BFSI, healthcare, IT and Telecom, and other industries to boost productivity and efficiency while lowering labor costs for repetitive operations.
By contributing to the delivery of a better client experience, these services have reduced manual intervention. Thereby, the need to automate repeated tasks across business domains, such as tech support, technology, finance, HR, operation, and procurement, is contributing to the PaaS Market growth.
PaaS Market Top Players Company Profiles
- AWS
- Microsoft
- Alibaba Cloud
- Mendix
- Salesforce.com, Inc.
- IBM Corporation
- Google LLC
- Red Hat, Inc.
- Oracle Corporation
- SAP SE
- Pivotal Software, Inc.
- Heroku (Salesforce)
- Engine Yard, Inc.
- CloudBees, Inc.
- OpenShift (Red Hat)
- Cloud Foundry Foundation
- Docker, Inc.
- Cloud66 Ltd.
PaaS Market Recent Developments
- In May 2022, IBM and MBZUAI collaborated o Advance AI Research with New Center of Excellence
- In May 2022, Salesforce and Amazon Web services partnered on open-source technology to help non-profits accelerate impact
- In May 2022, Salesforce signed definitive agreement to acquire Troops.ai
PaaS Key Market Trends
- The mobile ecosystem is rapidly expanding, and app development is emerging as a critical component powering its expansion. Because of the emergence of digital enterprises, the creation of corporate mobile apps is becoming a major concern for businesses. According to a 451 Research report, 50% of IT businesses aim to implement at least ten mobile apps during the next two years. The COVID-19 outbreak has caused a surge in demand for several mobile applications.
- 5G and cloud computing technologies have accelerated the development of these mobile applications. PaaS suppliers provide a specific set of capabilities for tablet, mobile, and online platforms, ranging from data recovery, backups, and security to licensing formalities, support, and maintenance, as well as server-based scaling. Developers can focus on improving application development while PaaS providers handle the rest. This factor is going to drive the market over the forecasted period.
PaaS Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research has identified that increased cyber-attacks during the COVID-19 pandemic, along with an increase in cloud and virtualization technology applications in modern businesses, are some of the primary factors driving the PaaS Market growth during the forecast period. However, the platform as a service market's growth is hampered by more difficult and expensive initial installation, limited customization, and complex network management strategies.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the PaaS Market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 60.12 billion |
| Market size value in 2031 | USD 351.09 billion |
| Growth Rate | 19.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on PaaS Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on PaaS Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the PaaS Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the PaaS Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the PaaS Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the PaaS Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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