Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|
USD 9.12 Billion | 30% | 2015 |
The report covers forecast and analysis for the Public cloud platform-as-a-service market size on a worldwide and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD million). The study includes drivers and restraints for the Public cloud platform-as-a-service market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Public cloud platform-as-a-service market on a worldwide level.
The global Public Cloud Platform as a Service (PaaS) Market is expected to reach a value of USD 9.12 billion by 2021, representing a compound annual growth rate, or CAGR, of 30% between 2016 and 2021.
In order to give the users of this report a comprehensive view on the Public cloud platform-as-a-service market, we have included an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein submarket segments are benchmarked based on their market size, growth rate, and general attractiveness.
Platform as a Service has achieved widespread popularity amongst agile application development crews who wants to start their products into the cloud. PaaS hosting is a competitive market with providers taking efforts to present larger benefits over their competition to gain competitive advantage. PaaS is cloud model intended for software developers that streamline the development process by transferring particular facets of systems management to the service provider. There are numerous types of PaaS available such as private, public and hybrid.
High scalability, efficiency, agility, and pay-per-use features offered by the public PaaS model is the key aspect for the large adoption of public cloud PaaS. These features attract small, medium as well as large enterprises to shift their preference towards PaaS solutions. Different services of public cloud platform-as-a-service market include cloud application platforms, cloud integration services, cloud data services, cloud application development & lifecycle services and other cloud platform services. Application platform as a service (aPaaS) is cloud service that provides deployment and development environments for different application services. An aPaaS is PaaS developed to allow runtime management, deployment, and maintenance of cloud business application services.
The study provides a decisive view on the Public cloud platform-as-a-service market by segmenting the market based on submarkets. All the segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2021. The submarket segment of Public cloud platform-as-a-service includes cloud application platforms, cloud integration services, cloud data services, cloud application development & life-cycle services and other cloud platform services. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. This segmentation includes demand for Public cloud platform-as-a-service based on individual applications in all the regions.
In spite of ongoing economic uncertainties, mature economies which are established IT markets, such as the Western Europe, U.S., and Japan are on the forefront of the adoption of PaaS technology. All mature economies have combined share of approximately 90% of global PaaS spending. At present emerging markets are marginally investing in PaaS, however, this trend is anticipated to change as PaaS matures as a technology and the market player landscape consolidates about few mainstream providers that have the ability to service wider geographies.
Report Attributes | Report Details |
---|---|
Report Name | Public Cloud Platform as a Service (PaaS) Market |
Market Size in 2015 | USD 2.11 billion |
Market Forecast in 2021 | USD 9.12 billion |
Growth Rate | CAGR of 30% |
Number of Pages | 70 |
Key Companies Covered | Engine Yard, Google Inc, IBM, Microsoft Corporation and Amazon Web Services, Inc. |
Segments Covered | Submarket, Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2015 |
Historical Year | 2016 to 2021 |
Forecast Year | 2016 - 2021 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The report also includes detailed profiles of end players such Engine Yard, Google Inc, IBM, Microsoft Corporation and Amazon Web Services, OutSystems, Bluemix, Heroku, Mendix, Salesforce, Acquia, Oracle. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
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
Global Public Cloud Platform-as-a-Service Market: Region Segment Analysis
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