The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing internet penetration are expected to drive innovation in platform as a service (PaaS) manufacturing, thus driving the market during the forecast period.

The global platform as a service (PaaS) market is expected to grow from $55.94 billion in 2022 to $61.42 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The platform as a service (PaaS) market size is expected to grow to $85.92 billion in 2027 at a CAGR of 8.8%.

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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, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global platform as a service (PaaS) market in 2021.

Major Market Players in the platform as a service (PaaS) market include Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure, Google Cloud Function, Red Hat, Inc., Oracle Cloud PaaS.

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. For instance, Amazon Web Service, a cloud computing platform, has developed a set of hybrid capabilities in the industry to capitalize on the global market. Some of the major hybrid cloud providers are Amazon, Microsoft, and VMWare, followed by other technology companies IBM, Apple, Google, CisCo., Hewlett-Packard, Dell, Oracle, and Rackspace.

The Platform As A Service (PaaS) Global Market Report 2023  provides a platform as a service (PaaS) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The platform as a service (PaaS) market forecast analyzes platform as a service (PaaS) market size, platform as a service (PaaS) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Platform-as-a-Service (PaaS) refers to a cloud computing model that provides a platform for cloud providers to build apps for developers.

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