Platform as a Service Market, By Type, By Deployment, By End User, By Geography

Description

The global Platform as a Service (PaaS) market is estimated to be valued at US$ 69.83 Bn in 2024 and is expected to reach US$ 172.04 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 69.83 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	13.70%	2031 Value Projection:	US$ 172.04 Bn

Figure. Platform as a Service (PaaS) Market Share (%), By Region 2024

Platform as a service (PaaS) is a cloud computing model that provides consumers with services and tools to build, run, and manage applications without owning or maintaining infrastructure. With PaaS, developers can focus on coding, testing and deployment while the PaaS provider takes care of managing servers, storage, networking, and other services required to support the full application development lifecycle. Key benefits of PaaS include rapid application development, reduced costs of ownership compared to on-premise solutions, scalability, and accessibility of applications from any device with an internet connection. The global PaaS market is primarily driven by growing adoption of cloud-based services across various industries such as BFSI, IT & telecom, retail, healthcare and others.

Market Dynamics:

The global Platform as a service (PaaS) market is driving significant growth over the forecast period, driven by factors such as rising demand for faster application development cycles, innovations in cloud technologies, growing acceptance of open-source platforms, and cost savings associated with PaaS compared to on-premise infrastructure. However, data privacy and security concerns related to cloud platforms may hinder the adoption of PaaS services. On the other hand, expanding internet proliferation and growing trend of digital transformation across industries are likely to create new market opportunities. Key industry players are investing heavily in enhancing capabilities of their PaaS solutions through strategic collaborations and introduction of advanced offerings.

Key Features of the Study:

This report provides in-depth analysis of the global Platform as a service (PaaS) market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global PaaS market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Amazon Web Services (AWS) Elastic Beanstalk, Engine Yard , Google App Engine, Heroku, IBM Cloud, Microsoft Azure, OpenShift by Red Hat, Oracle Cloud Platform, Pivotal Cloud Foundry, Salesforce Platform, SAP Cloud Platform, Tanzu by Broadcom (formerly VMware Tanzu), Vercel, Wasabi Cloud Storage, and Zoho Creator

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global Platform as a service (PaaS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Platform as a service (PaaS) market

Detailed Segmentation:

By Type
- Application PaaS (aPaaS)
- Integration PaaS (iPaaS)
- Database PaaS (dbPaaS)
- Others
By Deployment
- Public Cloud
- Private Cloud
By End User
- BFSI
- IT and Telecommunication
- Manufacturing
- Healthcare and life sciences
- Energy and utility
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Amazon Web Services (AWS) Elastic Beanstalk
- Engine Yard
- Google App Engine
- Heroku
- IBM Cloud
- Microsoft Azure
- OpenShift by Red Hat
- Oracle Cloud Platform
- Pivotal Cloud Foundry
- Salesforce Platform
- SAP Cloud Platform
- Tanzu by Broadcom (formerly VMware Tanzu)
- Vercel
- Wasabi Cloud Storage
- Zoho Creator

Product Code: CMI4181

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Deployment
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Platform as a Service (PaaS) Market, By Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Application PaaS (aPaaS)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Integration PaaS (iPaaS)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Database PaaS (dbPaaS)
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Platform as a Service (PaaS) Market, By Deployment, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Public Cloud
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Private Cloud
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Platform as a Service (PaaS) Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
IT and Telecommunication
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare and life sciences
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Energy and utility
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Platform as a Service (PaaS) Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Deployment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Amazon Web Services (AWS) Elastic Beanstalk
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Engine Yard
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Google App Engine
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Heroku
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- IBM Cloud
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Microsoft Azure
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- OpenShift by Red Hat
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Oracle Cloud Platform
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Pivotal Cloud Foundry
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Salesforce Platform
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SAP Cloud Platform
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tanzu by Broadcom (formerly VMware Tanzu)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Vercel
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Wasabi Cloud Storage
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Zoho Creator
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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