North America Platform as a Service (PaaS) Market to Grow at Over 20% Annually - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "North America Platform as a Service (PaaS) Market Outlook and Forecast to 2027 - Driven by Major Cost Savings and Faster Time to Market achieved from PaaS Use" report has been added to ResearchAndMarkets.com's offering.

The North America PaaS Market is expected to witness strong growth of over 20% CAGR over the next five years. This is mainly due to change in business technology that is how software applications are developed and distributed. By using the newest technology, enterprises are concentrating on lowering their entire CAPEX. Due to its ability to enable companies adopt hardware, middleware, operating systems, software, and resources as and when necessary, PaaS solutions have seen a surge in investments.

By switching to a PaaS model based on the cloud, the cost of servers, software, hardware, middleware, and related network equipment is much lower, which lowers CAPEX. Rising mobile use and increased enterprise appliance involvement are anticipated to drive PaaS growth in the region. Recent years have seen a large number of big cloud providers enter the PaaS market, demonstrating the region's increasing momentum.

According to the cloud service providers, as digitalization progresses, payments will become increasingly cloud-native, enabling them to use local, international, and regional payment systems via a single interface. Providers also need to handle changing financial problems and market difficulties. Therefore, the market for platforms as a service is probably going to gain from digitization, online payments, and the creation of new goods. Additionally, it provides a cutting-edge infrastructure to support digital transformation, which will increase demand for PaaS architecture.

The North American PaaS Market faces some key challenges as well. Since data is kept off-site while using a PaaS, data security must be taken into account and carefully reviewed. Vendor lock-in occurs when changing vendors is extremely expensive, pushing the client to choose another vendor. Customers are unable to transfer vendors due to cost problems and a small workforce. Another significant factor for vendor lock-in in the platform as a service sector is a lack of standardization.

Key Segments Covered in North America PaaS Market:

North America PaaS Market By Deployment Type

• Public Cloud
• On-Premises
• Hybrid Cloud

North America PaaS Market By Solution Type

• PaaS for Artificial Intelligence (AIPaaS)
• Database as a Service (DBaaS)
• Integration Platform as A Service (iPaaS)
• Application as a Service (aPaas)
• Business Analytics (BaPaaS)
• Application Development (ADPaaS)
• Others

North America PaaS Market By Enterprises Type

• Large Enterprises
• SMEs

North America PaaS Market By Type of End User Industry

• Banking, Financial Services, and Insurance (BFSI)
• Retail & Consumer Goods
• Media and Telecommunication
• IT and ITeS
• Healthcare
• Energy and Utility
• Automotive and Transportation
• Others

North America PaaS Market By Geography and Major Countries

• USA
• Canada
• Mexico

Key Topics Covered:

1. Executive Summary

2. Market Overview and Key Trends Impacting Growth

3. Total North America - Market Segmentation by Deployment Type, Historic Growth, Outlook & Forecasts

4. Total North America - Market Segmentation by Solution Type, Historic Growth, Outlook & Forecasts

5. Total North America - Market Segmentation by Enterprises Type, Historic Growth, Outlook & Forecasts

6. Total North America Market Segmentation by End User Industry, Growth, Outlook & Forecasts

7. Industry/Competition Analysis - Competitive Landscape

8. Key Competitor Profiles

9. Geographic Analysis & Major Countries Market Historic Growth, Outlook and Forecasts

10. Industry Experts Opinions/Perspectives

11. Analyst Recommendations

12. Appendix

13. Disclaimer

14. Contact the Publisher

Companies Mentioned

• Amazon Web Services (AWS)
• Google Cloud
• Microsoft
• AT&T Inc.
• Dell Technologies, Inc.
• IBM
• Oracle
• HPE
• VMware Inc.
• Salesforce
• Mendix
• SAP SE
• Outsystems
• IntelePeer
• Nodejitsu Inc.
• ActiveState
• Cloud Connectors
• Fintelics Technology Inc.
• Hexagon Data
• Technogi
• Gogiro
• OneCloud
• MCM Telecom

For more information about this report visit https://www.researchandmarkets.com/r/vle3ie