The
need to incorporate advanced forms of data management infrastructure
and modern application development and deployment (AD&D)
techniques are some of the key drivers in the PaaS market.
PaaS
allows customers to develop software with the help of effective tools
and libraries offered by the service provider. In a cloud computing
environment, the Platform-as-a-Service (PaaS) offers a flexible
computing platform and a solution stack that helps most of the
organizations standardize their data computing operations.
The
PaaS market is typically divided into independent, niche providers
and traditional IT vendors such as, Oracle, IBM, and HP under the
data cloud computing services. Similar to the cloud market in
general, the Platform-as-a-Service (PaaS) Market is also picking up
rapid growth in the global market with availability of several dozens
of PaaS providers to meet the constant growing demands for this
platform in different industry places.
Key
Factors Involved in the Growth of Platform-as-a-Service (PaaS)
Market
A
rise in the growth of cloud is leading to an increasing adoption of
cloud based services across different regions. Some of the key
contributing factors to the overall growth of the PaaS market include
high scalability, lesser time in application development, less
investment in IT expertise, and easier deployment.
Also,
IaaS – infrastructure as a service is one of another platform that
is growing rapidly in the Platform-as-a-Service (PaaS) Market.
Quickly emerging as a vital link between software as a service (SaaS)
and (IaaS), IaaS is posing great opportunities for the growth of
PaaS.
Large
size organizations certainly have the resources, awareness, and large
IT infrastructure to interest PaaS providers. On the contrary, lack
of awareness and security concerns among small and medium sized firms
are proving to be some of the major challenges in the growth of the
PaaS market over the coming years.
Segmentations
of Platform-as-a-Service (PaaS) Market
Considering
the market of Platform-as-a-Service (PaaS) by segmentation, the
market is divided into types of solutions, applications, end-users,
industry, and implementation models.
Based
on the solutions segment the market comprises raw computing
platforms, business application platforms, web application platforms,
and social application platforms, while in terms of implementation
analysis, the PaaS market is further sectioned into three major
categories which includes public cloud, private cloud and hybrid
cloud.
Likewise,
the applications segment contains categories such as Application
Development and Maintenance PaaS (ADM PaaS), Application PaaS
(aPaaS), Integration PaaS (iPaaS), Business Process Management PaaS
(BPM PaaS), and Other PaaS.
In
terms of end-users segment, the Platform-as-a-Service (PaaS) Market
is categorized as Enterprise PaaS and Small and Medium size Business
(SMB) PaaS.
The
global Platform-as-a-Service (PaaS) Market is also based on the
industry segments such as Gaming, Healthcare, Logistics &
Transportation, Banking & Financial Sector (BFSI), Consumer Goods
& Retail, Telecommunications & IT, Education, Public Sector &
Government, and Travel & Hospitality among many others.
PaaS
Market Analysis by Geography
Some
of the geographies covered under the market study of
Platform-as-a-Service (PaaS) Market are North America (NA), Europe,
Asia-Pacific (Japan (APAC), Middle East & Africa (MEA)), and
Latin America (LA).
Amongst
all, North America is the leading market for PaaS due to wide
adoption of cloud based services by end-user segments in this region.
Furthermore, Asia Pacific is anticipated to be next upcoming market
for PaaS. Growth in this region is high due to increasing demands for
cloud technology, in IT sectors, big data and other telecom sectors.
According
to a leading market study, the global Platform-as-a-Service (PaaS)
market is estimated to grow five times in the next four years, with
North America continuing to lead the global market for PaaS
solutions.
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