Sunday, 9 November 2014

The Need for Platform-as-a-Service (PaaS) Market Forecast and Outlook 2019

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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