Global Platform-as-a-Service (PaaS) Market was valued at about USD 28.75 Billion in 2021 and is likely to grow to USD 56.65 Billion at a CAGR of 12.4% through 2028.

Platform-as-a-Service, a subset of cloud computing, offers a virtual platform for users to build and run applications and software over the internet, removing the need for physical infrastructure and the expense of underlying software and hardware. Web software, such as web browsers, can be used to access Platform-as-a-Service remotely. A cloud computing service model is created when other components such as software as a service (SaaS) and infrastructure as a service (IaaS) are combined. Platform-as-a-Service come with pre-configured features, allowing users to subscribe for the service based on their preferences and only pay for what they use.

Platform as a Service (PaaS) Market Dynamics:

Developing, maintaining, and deploying workplace software is complex, expensive, and time-consuming. Hardware, middleware, databases, web servers, operating systems (OS), and other software are essential to these applications. To keep things running, a team of database, systems and network management experts is also needed. Any change in the platform-as-a-service market will necessitate a change in the application, leading to another lengthy development, testing and implementation period. A platform as a service provides the complete infrastructure needed to create, test, run, and deploy applications over the Internet. Users can access custom cloud-based applications, while independent software vendors and IT departments can now focus on creativity rather than managing complex technology.

Top key players involved in Platform-as-a-Service (PaaS) market are:

• Oracle
• Active State Software
• Red Hat
• SAP
• EMC Corporation
• VMware
• Software AG
• Salesforce.com
• AT&T and other major players.

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Market segmentation of Platform-as-a-Service (PaaS) market:

Platform-as-a-Service provides subscribers with pay-per-use features, which enable the user to pay a subscription fee based on their business needs. This is extremely advantageous since subscribers can use the platforms to design, run, test, and deploy applications, as well as scale the number of users as required. As a result, Platform-as-a-Service facilitates higher developer efficiency and creativity by simplifying application development management, deployment, scaling.

Based on type;

• Application PaaS
• Integration PaaS
• Database PaaS
• Others

Based on deployment:

• Public
• Private
• Hybrid

Based on end user:

• BFSI
• Consumer goods and retail
• Telecommunication
• IT and ITeS
• Manufacturing
• Healthcare & life sciences
• Energy and utility
• Others

Based on region:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Covid-19 Impact and Recovery Analysis on Industry:

Platform as a Service (PaaS) allows consumers to easily create software applications using the tools provided by the cloud provider. PaaS offers many advantages such as low maintenance and enhanced mobility for software development companies. Cloud computing has boosted the IT market significantly in recent years. Infrastructure as a Service (IaaS) and Software as a Service (SAAS) are the largest divisions of cloud computing.

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                                                                  Scope of the Report

Reasons to purchase report:

• Visualize the composition of the global platform as a service (PaaS) Market products in terms of Product and application highlighting the critical commercial assets and players.
• Identify commercial opportunities in the global platform as a service Market by analyzing trends and co-development deals.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

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