COVID-19 Impact Analysis on Platform as a service (PaaS) Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027. The report encompasses data regarding market share and recent developments by key players. Moreover, this market report also covers regional and country markets in detail.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the platform as a service (paas) market include Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure, Google Cloud Function, Red Hat Inc., Oracle Cloud PaaS, SAP SE, Engine Yard, ActiveState Software Inc., and Software AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The global platform as a service market has experienced double-digit growth in the past five years. The market future is anticipated to remain healthy and lucrative in the coming years. Rising need to reduce the time and cost of application development and focus on streamlining application management primarily drive the global platform as a service (PaaS) market growth. The rapid development of the mobile application ecosystem is presumed to create new market opportunities. Businesses are digitally transforming and increasingly taking advantage of cloud computing. Various organizations are adopting PaaS as it offers modernization efforts while meeting all business requirements. On the other side, cloud washing and security concerns associated with public cloud adoption is expected to hinder the growth of the PaaS market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of platform as a service (paas) . The growth and trends of platform as a service (paas) industry provide a holistic approach to this study.
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Market Segmentation
This section of the Platform as a service (PaaS) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Application PaaS (aPaaS)
- Integration PaaS (iPaaS)
- Database PaaS (dbPaaS)
- Others
By Deployment
- Public
- Private
- By Organization Size
- Large Enterprises
- SMEs
By Vertical
- BFSI
- Consumer goods and retail
- Telecommunication
- IT and ITeS
- Manufacturing
- Healthcare and life sciences
- Energy and utility
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the platform as a service (paas) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The report "Platform as a Service Market by Type (APaaS, IPaaS, DBPaaS), Deployment (Public and Private), Organization Size (Large Enterprises and SMEs), Vertical (Consumer Goods and Retail, BFSI, Manufacturing), and Region - Global Forecast to 2026", size is expected to grow from USD 56.2 billion in 2020 to USD 164.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period.
Key factors that are expected to drive the growth of the market are the increasing need to reduce time to market and cost of application development and focus on streamlining application management.
However, cloud washing hindering the growth of PaaS, and security concerns related to the adoption of public cloud are expected to limit the market growth.
These opportunities are expected to present new market growth prospects for PaaS vendors.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=814Application PaaS segment to hold a larger market size during the forecast periodaPaaS is a service that provides deployment and development environments for application services.
The aPaaS allows businesses and IT teams to effectively collaborate and deliver new web and mobile applications faster so that organizations can innovate business practices, differentiate within the market, and streamline operational workflows.
They require a flexible payment model for better cost optimization of their business processes.Consumer goods and retail industry vertical to grow at the highest CAGR during the forecast periodThe consumer goods and retail vertical is one of the fastest-growing verticals with respect to the adoption of advanced technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks.
