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Allied Market Research

Platform-as-a-Service Market by Deployment type (Private Cloud, Public Cloud, Hybrid Cloud), Organizational Size (Small & Medium Enterprises and Large Enterprises), Industry Vertical (BFSI, Retail, Media & Entertainment, Healthcare and Life Science, Electronics & Consumer Goods, IT & Telecom, Government and Public Sector, Education, and Others):Global Opportunity Analysis and Industry Forecast, 2020–2027

A06955
Pages: NA
Dec 2020 | 337 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

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Platform-as-a-Service Market Statistics

Platform-as-a-service (PaaS) is a cloud service delivery model in which third party cloud service providers deliver some hardware and software tools to those who are in need of complete development and deployment of applications over the internet. These service providers offer a platform, which allows customers to develop, run, and manage services without dealing with complex building and maintenance of infrastructure of developing an application. Thus, developers only need to install in-house hardware & software to develop or run a new application. PaaS charge organizations only for compute, network resources consumed, and storage. It can be delivered through public, private, and hybrid clouds. Customers control software deployment while cloud providers deliver entire IT component needed to host the application. 

Platform-as-a-Service Market scope and structure analysis:

                        Report Matric

                                 Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered

  • Cloud Types,
  • Deployment Type
  • Organizational size
  • Industry Vertical
  • Region

  Regions covered

  • North America (U.S. and Canada)
  • Europe (Germany, UK, France, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
  • LAMEA (Latin America, Middle East, and Africa)

  Companies covered

  • Microsoft Corp.
  • Google LLC.
  • Amazon Web Services Inc.
  • Salesforce. Com.
  • Redhat Inc.
  • EMC Corp.
  • IBM Corp
  • VMware Inc
  • Engine Yard
  • AT &T Inc.

 

 

COVID-19 scenario Analysis:

  • The growing impact of the unpredicted pandemic on economy has hampered the functioning of several sectors, including technology, automation, banking and enterprise information.
  • Flexibility and agility of cloud solutions, ease of provisioning and scaling new resources, pay-per-use model, is a perfect fit for current uncertainty. The popularity of cloud solutions after these uncertain times provide lucrative opportunities for the Platform-as-a-Service market as working patterns are changing to remote working where possible, and where many interactions are moved to digital channels rather than physical channels to avoid or at least slow down the spread of the virus. 
  • As the adoption of cloud technology has increased in this time, adoption of PaaS has increased. It is expected that PaaS investments are expected to increase in number of industry verticals such as healthcare, information technology, and academic sector which boosts growth of the market 
  • Many organizations have their digital to-do lists written for them, as weak links become apparent in this sudden shift to digital and remote working, the development of new applications and shift toward digitalization would create multiple opportunities for the Platform-as-a-Service market. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Adoption of PaaS is on the rise among end users, owing to its numerous benefits such as cost reduction, less time consumption, and scalability; which majorly drives growth of the market. In addition, rise in adoption of cloud-based services, increase in use of internet of things, and rise in demand for application development platforms further fuel growth of the Platform-as-a-Service market.  However, factors such as less data security, integrations issues, and challenges with customization of legacy systems restraints the growth of the market. Furthermore, ongoing large investments by major IT vendors in the PaaS is opportunistic for the market.

Growth in need for PaaS 

Many organizations are expecting that with growth in digitalization, payments would create a cloud native environment and organizations would need to hire a 3rd party provider, which can use domestic, cross border, and regional payment solutions via a single interface. In addition, providers would also manage complexities and difficulties associated with moving funds. Thus, it is expected that digitalization and online payment with new product launch would create multiple opportunities for the Platform-as-a-Service market. 

Dependency on vendor is a major concern: 

As 3rd party providers fulfill most of the requirements for development and deployment of any program, this dependency is expected to act as restraining factor for growth of the market. As businesses are governed by provider’s functional capabilities, reliability and speed, any circumstance may occur resulting in data loss, which, in turn, hampers the growth of the Platform-as-a-Service market. 

Key Segments covered:  

                                 Segments

                          Subsegments

  Deployment Type

  • Private Cloud
  • Public Cloud
  • Hybrid Cloud

  Organizational Size

  • Small & Medium Enterprise
  • Large Enterprise

  Industry vertical

  • BFSI
  • Retail
  • Media & Entertainment
  • Healthcare and Life Science
  • Electronics and Consumer Goods
  • IT & Telecom.
  • Government and Public Sector
  • Education
  • Others

 


Key benefits of the report:

  • This study presents analytical depiction of the global platform-as-a-service market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the platform as a service market share.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the global platform-as-a-service market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides detailed cognitive media market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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