Platform as a Service (PaaS) Market - Global Industry Analysis

Platform as a Service (PaaS) Market - By Type (Public Cloud, Private Cloud, and Hybrid Cloud), By Application (BFSI, Media & Entertainment, Consumer Goods & Retail, Education, Government & Public Sector, Telecommunication & Information Technology Enabled Services, Manufacturing, and Healthcare & Lifesciences) And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 14-May-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-6248 Status : Published

The global Platform as a Service (PaaS) market accrued earnings worth approximately 6.37(USD Billion) in 2019 and is predicted to gain revenue of about 22.53 (USD Billion) by 2026, is set to record a CAGR of nearly 18.2% over the period from 2020 to 2026.

Description

The global Platform as a Service (PaaS) market accrued earnings worth approximately 6.37(USD Billion) in 2019 and is predicted to gain revenue of about 22.53 (USD Billion) by 2026, is set to record a CAGR of nearly 18.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Platform as a Service (PaaS) market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Platform as a Service (PaaS) Market: Overview

Platform as a service is a component of cloud computing solutions that helps the consumers to provide, instantiate, and handle computing tool as well as other applications without any complexity. Furthermore, PaaS allows the users in creation, development, and packaging of software bundles. The platform as a service can be delivered as a private service, public infrastructure as a solution, and public cloud solution from service provider. The key benefits offered by PaaS include reducing complexity of high level programming, enhancing maintenance of application, and ramping up infrastructure of cloud.

Global Platform As A Service (PaaS) Market

Platform as a Service (PaaS) Market: Growth Dynamics

Escalating need reducing time for promotion the product along with requirement for cost minimization of app creation will steer market trends. Apart from this, highlight on continuously streaming app management will further steer the business growth over 2020-2026. In addition to this, humungous requirement for integrating services & shifting the workload to cloud will steer the market demand. Apparently, PaaS supports business agility and allows many app development units in sharing available resources. It also helps in eliminating the necessity of allocating not so efficient assets of same kind in different silos. This, in turn, will further expedite the market value in the near future.

Moreover, growing digitization & rise in online mode of payments will enlarge PaaS market size.  Additionally, new product launches and evolution of cloud-native ecosystems will create lucrative growth avenues for platform as a Service (PaaS) industry over the projected period. With onset of COVID-19 pandemic, the platform as a Service (PaaS) market is likely to gain momentum in the years ahead. Rise in demand for cloud computing & public cloud solutions by firms to increase business profitability will not only shape the PaaS business but will bring an optimistic alteration in the PaaS services delivery in the coming decade. This will further enlarge the platform as a Service (PaaS) market scope. 

Regional Landscape

North American Market To Witness Geometric Surge Over 2020-2026

The regional market growth over anticipated period can be credited to use of cloud technology by many of the manufacturing & logistics companies in the U.S. and Canada for raising the output and reducing the product delivery time. Apart from this, government has increased the budget allocation for cloud solutions and this has further driven the business expansion in the region over assessment timeline. Additionally, use of machine-to-machine connectivity and connected things has brought the paradigm shift in the manufacturing processes in the countries like the U.S. This has favorably impacted the growth of platform as a Service (PaaS) market in North America.

Competitive Landscape

Key players influencing the market growth and included in the report are Dell Boomi, SAP SE, Snaplogic, Informatica, Celigo, Scribe Software, Flowgear, Oracle, Mulesoft, Dbsync, and Jitterbit.

he global Platform as a Service (PaaS) Market is segmented as follows:

By Application

  • BFSI
  • Media & Entertainment
  • Consumer Goods & Retail
  • Education
  • Government & Public Sector
  • Healthcare & Lifesciences
  • Manufacturing
  • Telecommunication & Information Technology Enabled Services

By Type

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Platform as a Service (PaaS) Market, 2016–2026(USD Billion)
    • 2.2. Platform as a Service (PaaS) Market: Snapshot
  • Chapter 3. Global Platform as a Service (PaaS) Market– Application Analysis
    • 3.1. Platform as a Service (PaaS) Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. With onset of COVID-19 pandemic, the platform as a service (PaaS) market is likely to gain momentum in the years ahead.
      • 3.2.2. Rise in demand for cloud computing & public cloud sulutions by firms to increase business profitability will not only shape the PaaS business but will bring an optimistic alteration in the PaaS services delivery in the coming decade. This will further enlarge the platform as a Service (PaaS) market scope.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Type
  • Chapter 4. Global Platform as a Service (PaaS) Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Platform as a Service (PaaS) Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Platform as a Service (PaaS) Market– Application Analysis
    • 5.1. Global Platform as a Service (PaaS) Market overview: By Application
      • 5.1.1. Global Platform as a Service (PaaS) Market share, By Application , 2019 and 2026
    • 5.2. BFSI
      • 5.2.1. Global Platform as a Service (PaaS) Market by BFSI, 2016–2026(USD Billion)
    • 5.3. Healthcare & Lifesciences
      • 5.3.1. Global Platform as a Service (PaaS) Market by Healthcare & Lifesciences, 2016–2026(USD Billion)
    • 5.4. Media & Entertainment
      • 5.4.1. Global Platform as a Service (PaaS) Market by Media & Entertainment , 2016–2026(USD Billion)
    • 5.5. Consumer Goods & Retail
      • 5.5.1. Global Platform as a Service (PaaS) Market by Consumer Goods & Retail, 2016–2026(USD Billion)
    • 5.6. Education
      • 5.6.1. Global Platform as a Service (PaaS) Market by Education, 2016–2026(USD Billion)
    • 5.7. Government & Public Sector
      • 5.7.1. Global Platform as a Service (PaaS) Market by Government & Public Sector , 2016–2026(USD Billion)
    • 5.8. Manufacturing
      • 5.8.1. Global Platform as a Service (PaaS) Market by IT , 2016–2026(USD Billion)
    • 5.9. Telecommunication & Information Technulogy Enabled Private Cloud
      • 5.9.1. Global Platform as a Service (PaaS) Market by Telecommunication & Information Technulogy Enabled Services, 2016–2026(USD Billion)
  • Chapter 6. Global Platform as a Service (PaaS) Market– Type Analysis
    • 6.1. Global Platform as a Service (PaaS) Market overview: By Type
      • 6.1.1. Global Platform as a Service (PaaS) Market share, By Type , 2019 and 2026
    • 6.2. Public Cloud
      • 6.2.1. Global Platform as a Service (PaaS) Market by Public Cloud, 2016–2026(USD Billion)
    • 6.3. Private Cloud
      • 6.3.1. Global Platform as a Service (PaaS) Market by Private Cloud, 2016–2026(USD Billion)
    • 6.4. Hybrid Cloud
      • 6.4.1. Global Platform as a Service (PaaS) Market by Hybrid Cloud, 2016–2026(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Dell Boomi
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Service Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Snaplogic
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Service Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Informatica
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Service Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Celigo
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Service Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Scribe Software
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Service Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Flowgear
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Service Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Oracle
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Service Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. SAP SE
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Service Portfulio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Mulesoft
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Service Portfulio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. Dbsync
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Service Portfulio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Jitterbit
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Service Portfulio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development

Methodology


Frequently Asked Questions

Escalating need reducing time for promotion the product along with requirement for cost minimization of app creation will steer market trends. Apart from this, highlight on continuously streaming app management will further steer the business growth over 2020-2026. In addition to this, humungous requirement for integrating services & shifting the workload to cloud will steer the market demand. Apparently, PaaS supports business agility and allows many app development units in sharing available resources. It also helps in eliminating the necessity of allocating not so efficient assets of same kind in different silos. This, in turn, will further expedite the market value in the near future.

Moreover, growing digitization & rise in online mode of payments will enlarge PaaS market size.  Additionally, new product launches and evolution of cloud-native ecosystems will create lucrative growth avenues for platform as a Service (PaaS) industry over the projected period.

 

According to Zion market research report, The global Platform as a Service (PaaS) market accrued earnings worth approximately 6.37(USD Billion) in 2019 and is predicted to gain revenue of about 22.53 (USD Billion) by 2026, is set to record a CAGR of nearly 18.2% over the period from 2020 to 2026.

North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge over 2020-2026 is due to use of cloud technology by many of the manufacturing & logistics companies in the U.S. and Canada for raising the output and reducing the product delivery time. Apart from this, government has increased the budget allocation for cloud solutions and this has further driven the business expansion in the region over assessment timeline. Additionally, use of machine-to-machine connectivity and connected things has brought the paradigm shift in the manufacturing processes in the countries like the U.S. This has favorably impacted the growth of platform as a Service (PaaS) market in North America.

The key market participants include Dell Boomi, SAP SE, Snaplogic, Informatica, Celigo, Scribe Software, Flowgear, Oracle, Mulesoft, Dbsync, and Jitterbit.

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