Press Release

Large Enterprise is Expected to Dominate the Global Platform as a Service (PaaS) Market.

Cloud computing is rapidly becoming the preferred platform for businesses of all sizes. PaaS provides a platform for businesses to develop, deploy, and manage applications without having to invest in and maintain their own infrastructure.


According to TechSci Research report, “Global Platform as a Service (PaaS) Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”. The Global Platform as a Service (PaaS) Market is anticipated to project robust growth in the forecast period with a CAGR of 16.32% through 2028. Platform as a service is an expansion and deployment setting in the cloud, with sources that support the offering of everything from simple cloud-based apps to modern, cloud-enabled enterprise applications. PaaS incorporates infrastructure (servers, storage, and networking) and a platform (middleware, development tools, database management systems, business intelligence, and more) to promote the web application life cycle. PaaS can be reached over any internet connection, creating it feasible to build a complete application in a web browser. Because the growing environment is not hosted locally, developers can operate the application from any place in the world. This allows teams that are separated across geographic locations to cooperate. It also means developers have more limited control over the development environment, though this comes with far less overhead.

 Serverless computing is a cloud computing model in which businesses are only charged for the resources that they use. This is in contrast to traditional cloud computing models, in which businesses are charged for the resources that they provision, even if they are not using them. Serverless computing is becoming increasingly popular in the PaaS market, as it allows businesses to reduce their IT costs. Containerization is a technology that allows businesses to package their applications into lightweight, portable containers. Containers can be deployed on any platform, including PaaS platforms. The rise of containerization is making PaaS platforms more attractive to businesses, as it allows them to deploy their applications on the best platform for their needs. Enterprise businesses are increasingly adopting PaaS to develop, deploy, and manage their applications. This is due to the benefits that PaaS offers, such as agility, scalability, and security. New PaaS platforms are being developed all the time. These new platforms offer a variety of features and functionalities that can help businesses to develop, deploy, and manage their applications more effectively. PaaS platforms are increasingly being integrated with other cloud services, such as infrastructure as a service (IaaS) and software as a service (SaaS). This integration is making it easier for businesses to build and deploy complex applications.

 

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However, the lack of awareness leads to very little adoption by SMEs which is anticipated to hinder the growth of the global Platform As A Service (PaaS) Market. This is generally prevalent in small and medium enterprises that are reluctant to adopt and combine PaaS solutions within their businesses. SMEs are reluctant to surrender their trust to cloud solutions, as they observe that the solutions do not comply with the data regulation policies and standards within the site currently. Nevertheless, the combined use of IaaS with PaaScan and Increasing demand for BPaaS and open PaaS can provide lucrative opportunities in the global Platform As A Service (PaaS) Market.

 

Key market players in the Global Platform as a Service (PaaS) Market include:

  • Acronis International GmbH (Acronis AG)
  • Amazon Web Services Inc. (Amazon.com Inc.)
  •  Asigra Inc.
  • Barracuda Networks Inc. (Thoma Bravo LP)
  •  Carbonite Inc. (OpenText Corporation)
  • Code42 Software Inc
  • Datto Inc.
  •  Dropbox Inc.
  • International Business Machines Corporation

 

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“The advantages of PaaS are fundamental that it offers higher-level programming with dramatically minimized complexity, the overall improvement of the administration can be effective, as it has self-up-and-down ramping infrastructure resources, and maintenance and improvement of the application are thus more comfortable. PaaS is used to develop applications more immediately than would be desirable if developers had to bother about building, configuring, and provisioning their own platforms and backend infrastructure. PaaS also allows developers to build, test, debug, deploy, host, and modernize their applications all in the related environment. This allows developers to be sure a web application will work properly as hosted before they release, and it analyzes the application development lifecycle. ” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Platform as a Service (PaaS) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Deployment (Public Cloud, Private Cloud), By Organization Size (Large Enterprise, Small And Medium Enterprise), By Application (Application PaaS (APaaS), Integration PaaS (IPaaS), By Region, By Competition 2018-2028 has evaluated the future growth potential of Global Platform as a Service (PaaS) Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Platform as a Service (PaaS) Market.


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Relevant Reports

Platform as a Service (PaaS) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Deployment (Public Cloud, Private Cloud), By Organization Size (Large Enterprise, Small And Medium Enterprise), By Application (Application PaaS (APaaS), Integration PaaS (IPaaS), By Region, By Competition 2018-2028

ICT | Oct, 2023

Cloud computing is rapidly becoming the preferred platform for businesses of all sizes. PaaS provides a platform for businesses to develop, deploy, and manage applications without having to invest in and maintain their own infrastructure

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