Market Overview
“Public Cloud Platform as a Service (PaaS) Market by Service (Cloud Application Platforms, Cloud Integration Services, Cloud Data Services, Cloud Application Development & Life-Cycle Services, and Other Cloud Platform Services): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021,” according to a new report published by Zion Market Research. Report on the public cloud platform as a service market, which includes forecast and analysis on a global and regional basis. The research contains historical data for 2015, as well as a prognosis for the years 2016 through 2021 based on revenue estimates (USD million).
Platform as a service (PaaS) is a cloud computing architecture that allows users to access programs through the Internet. It was first introduced in 2007. In this approach, a cloud provider provides its customers with software and hardware resources that are normally required for application development on a subscription basis. The software and hardware are hosted by the provider on its own infrastructure. As a result, PaaS relieves users of the burden of installing and maintaining hardware and software in-house in order to run and build new applications. There are many different types of PaaS services accessible, including private, public, and hybrid. PaaS was originally established as an application solution for the public cloud, but it has now evolved to include private and hybrid cloud deployment choices.
Market Segments
The public cloud platform-as-a-service market is divided into four segments: cloud application platforms, cloud integration services, cloud data services, cloud application development and life-cycle services, and other cloud platform services. Cloud application platforms are the most widely use type of public cloud platform. The cloud-based business process management (BPM) PaaS, cloud horizontal portal services, cloud-based business analytics (baPaaS), cloud-based application governance, cloud-based MFT services, and other forms of PaaS are all examples of cloud-based services. The cloud application platform services (aPaaS) section of the public cloud PaaS market was the most significant category in 2015, accounting for about 34.0 percent of the entire PaaS market.
Service-oriented architecture (SLA) for integration platforms IaaS is an acronym that stands for integration platform as a service. It enables subscribers to perform integration projects including any combination of cloud-resident and on-premise endpoints including databases, services applications, and business process management systems. iPaaS’s management, deployment, development, execution, and monitoring capabilities are used to link many endpoints together in order to achieve this result. In 2015, the cloud integration services category accounted for approximately 11.4 percent of the total market.
Regional Analysis
Across the globe, PaaS investment is rather low, with the vast majority of it coming from North America, followed by Europe and a few mature IT sectors in nations throughout Asia Pacific. All mature economies account for nearly 90 percent of global PaaS expenditure, according to the World Bank. North America holds the greatest market share, accounting for 58.8 percent of the total market in 2011.
Asia Pacific is likewise predicted to have the strongest growth, with a compound annual growth rate (CAGR) of 31.2 percent throughout the projection period. The usage of PaaS solutions is increasing in cost-sensitive and developing economies in Asia Pacific and the rest of the world, according to the latest data. Market participants are utilizing the practice of lowering the yearly subscription cost and the annual charge for joining.
There are a few established firms in this sector that are worth mentioning: Engine Yard (formerly Google Inc), IBM (formerly Oracle), Salesforce (formerly Microsoft Corporation), and Amazon Web Services (formerly Amazon Web Services Inc). The year 2015 brought the introduction of many major technology companies into the PaaS industry. AWS has maintained its quick rate of innovation, adding new services and capabilities to its platform on a consistent basis. A number of other firms, such as Mendix, have a well-established aPaaS operation. However, as big infrastructure software providers like as IBM, Microsoft, Software AG, and Tibco ramp up
their aPaaS efforts, tiny businesses such as these may face more difficulties in the coming years.
This report segments the global public cloud platform as a service (PaaS) market as follows:
Global Public Cloud Platform-as-a-Service Market: Submarket Segment Analysis
Cloud Application Platforms, Cloud Integration Services, Cloud Data Services, Cloud Application Development and Life-Cycle Services
Other Cloud Platform Services
Global Public Cloud Platform-as-a-Service Market: Region Segment Analysis
North America
Europe
Asia-Pacific
Latin America
The Middle East and Africa
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