Learn about the global Platform As a Service (PaaS) market through The Business Research Company, which provides information on PaaS market size, PaaS market drivers and restraints, PaaS market players, the COVID-19 impact on the PaaS market, and more.

The global platform as a service (PaaS) market is expected to grow from $49.41 billion in 2021 to $57.15 billion in 2022 at a compound annual growth rate (CAGR) of 15.7%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The Platform as a Service market is expected to reach $96.24 billion in 2026 at a CAGR of 13.9%.

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The Platform as a Service (PaaS) market consists of sales from cloud-based platform services. PaaS is a cloud computing model that provides a platform to the customers to develop, run and manage applications over the internet. Revenue in the market is generated by the companies by way of subscriptions and licenses from web/software developers or other business households. There are four different types of PaaS which can be classified as computing platforms, web applications, business application and social applications. The global revenue of this industry is the cumulative revenue of all the companies engaged in providing any of the above services.

Global Platform As A Service (PaaS) Market Segments Include:
By Type: Application Infrastructure and Middleware (AIM), Database Management Systems (DBMS), Business Intelligence Platform (BIP), Application Development on Cloud
By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
By End-User: Financial Institutions and Services (BFSI), Technology, Retail, Distribution, Education Services, Travel and Transport, Healthcare and Life Sciences, Others
By Geography: The market is segmented into North America, South America, North America was the largest region in the Platform as a Service (PaaS) market in 2021.

Companies in the industry are increasingly preferring hybrid cloud solutions to increase efficiency, innovation, and reduce costs. Hybrid Cloud refers to a cloud infrastructure environment that is a mixture of private cloud, on-premises computing and public cloud solutions. Platform as a service providing companies in the industry are leveraging this technology to enhance their agility, capability, increase development & deployment speed, and reduce IT costs.

TBRC’s platform as a service (PaaS) market report covers:

Major Market Players: Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure, Google Cloud Function, Red Hat, Inc., Oracle Cloud PaaS, SAP SE, Engine Yard, ActiveState Software Inc., Software AG, VMware Inc., Cloud Foundry, EMC Corporation and AT&T Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Platform As A Service (PaaS) Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides platform as a service (PaaS) market overviews, analyzes and forecasts market size, share, PaaS market players, PaaS market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s platform as a service (PaaS) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Software As A Service (Saas) Global Market Report 2022

Infrastructure as a service (IaaS) Global Market Report 2022

Business Process As A Service (BPaaS) Global Market Report 2022

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