Global Platform-as-a-Service (PaaS) Market to Witness a CAGR of Over 22% During 2019-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Platform-as-a-Service (PaaS) Market by Deployment and Geography 2019-2023" report has been added to ResearchAndMarkets.com's offering.

In 2018, the public cloud segment had a significant market share, and this trend is expected to continue over the forecast period.

Factors such as the subscription-based service model offered by cloud vendors are playing a significant role in the public cloud segment to maintain its market position. Also, the report looks on factors such as a reduction in the cost of application development and time to market, streamlined application management, and ensuring business continuity, simplification of disaster recovery with cloud, and shift toward cloud computing.

However, security concerns related to public cloud, issues associated with vendor lock-in, and lack of awareness about the benefits of the adoption of PaaS may hamper the growth of the platform as a service industry over the forecast period.

Streamlined application management

The adoption of PaaS approach helps drive organizations' growth as it brings flexibility and efficiency in business operations. Organizations can leverage on the PaaS model to manage all their applications from a central place and reduce IT governance concerns and gain instant access to internal infrastructure.

The self-service interface offered by the PaaS model improves network utilization and eliminates needless human configuration tasks. PaaS streamlines the operation and reduces the burden on application developers by eliminating time-consuming operations and offers a user-friendly plug-and-play interface.

Owing to such benefits, organizations are increasingly adopting PaaS solutions. This is expected to drive the growth of the global platform as a service market size at a CAGR of over 22%.

However, the market's momentum will decelerate in the coming years because of the decrease in year-over-year growth.

Lack of awareness

Only fewer organizations and developers are aware of the advantages of PaaS solutions. Moreover, the IaaS model is infringing the use of PaaS model due to the lack of knowledge among organizations about different cloud models. These factors are expected to hinder the growth of the global platform as a service market size.

Competitive Landscape

With the presence of a few players, the global PaaS market is highly concentrated. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several platform as a service providers.

Also, the platform as a service market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

Key Players

  • Amazon Web Services Inc.
  • Google LLC
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce.com Inc.

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY DEPLOYMENT

  • Comparison by deployment
  • Public cloud - Market size and forecast 2018-2023
  • Private cloud - Market size and forecast 2018-2023
  • Hybrid cloud - Market size and forecast 2018-2023
  • Market opportunity by deployment

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Rapid development of mobile app ecosystem
  • Emergence of video communication PaaS
  • Emergence of xPaaS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Amazon Web Services Inc.
  • Google LLC
  • Microsoft Corp.
  • Oracle Corp.
  • Salesforce.com Inc.

For more information about this report visit https://www.researchandmarkets.com/r/3ryyt0

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Cloud Computing and Storage

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Cloud Computing and Storage