Public Cloud Platform as a Service (PaaS) Market Latest Trends, Industry Size, and Future Prospects 2030 | Engine Yard, Google, IBM

PRESS RELEASE
Published September 21, 2023

Public Cloud Platform as a Service (PaaS) is a cloud computing service that provides a complete development and deployment environment in the cloud, with resources that enable organizations to deliver everything from simple cloud-based apps to sophisticated, cloud-enabled enterprise applications. Between 2023 and 2030, the Public Cloud Platform as a Service (PaaS) Market is anticipated to develop at a CAGR of 17.3%, reaching a value of US$201.6 billion.

Market Growth:
The demand for application development and deployment, growing adoption of DevOps and continuous integration/continuous delivery practices, the need for agility and scalability, decreased costs, and the adoption of cutting-edge technologies like AI, machine learning, and IoT are just a few of the factors driving the public cloud platform as a service (PaaS) market’s expected significant growth. PaaS systems offer a flexible setting for developers to create, release, and manage applications without worrying about infrastructure, allowing organizations to more effectively scale their operations and respond to shifting market conditions.

The Top Players in Public Cloud Platform as a Service (PaaS) market:
Engine Yard, Google, IBM, Microsoft, Amazon, DXC Technology, Pega & Others.

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Public Cloud Platform as a Service (PaaS)
by Segmentation:

By Type:
Cloud Application Platforms

Cloud Integration Services

Cloud Data Services

Cloud Application Development and Life-Cycle Services

Others

By Application:
Banking & Financial Sector (BFSI)

Consumer Goods & Retail

Education

Gaming

Healthcare

Logistics & Transportation

Public Sector & Government

Telecommunications & IT

Travel & Hospitality

Others

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The updated research, available as an extract, also includes the option to acquire premium features that cover extensive historical, present, and future data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and, region, and, as a result, provides a holistic view of, as well as a deep insight into the Emergency Medical Service (EMS) Software market covering all its essential aspects.

Geographically analysis:
North America holds the largest market for PaaS, accounting for over 40% of the global market share in 2020. The region is home to leading providers like AWS, Microsoft Azure, and Google Cloud Platform. The demand for digital transformation is high, and the region is also home to large and medium-sized enterprises. Europe is the second-largest market, accounting for over 30% of the global market share. Asia Pacific is the fastest-growing market, with a CAGR of over 22%. Emerging economies like China, India, and Indonesia are driving the market, along with the startup ecosystem. Latin America and the Middle East and Africa are smaller markets, but are expected to grow significantly. Key trends driving the growth of the PaaS market include the increasing adoption of cloud computing, the growing demand for digital transformation, and the rise of new technologies like artificial intelligence and machine learning.

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Public Cloud Platform as a Service (PaaS) Market Dynamics:

Opportunity:
The Public Cloud Platform as a Service (PaaS) market presents a significant growth opportunity as businesses increasingly adopt cloud-based solutions to streamline their operations and accelerate digital transformation. PaaS offerings provide a robust and scalable environment for developers to build, deploy, and manage applications without the complexities of infrastructure management. This allows organizations to focus on innovation, reduce time-to-market, and lower IT costs. Additionally, the PaaS market is witnessing rapid advancements in technologies like containerization and serverless computing, further enhancing the appeal of these services. As businesses continue to seek agility and efficiency, the PaaS market is poised for sustained growth and innovation.

 Challenge:
the Public Cloud PaaS market also faces several challenges. Security concerns remain a paramount issue, as storing sensitive data and applications in a public cloud environment raises questions about data protection and compliance with regulatory standards. Vendor lock-in is another challenge, as businesses can become heavily dependent on a specific PaaS provider’s ecosystem, making migration to another platform cumbersome and costly. Interoperability and integration with existing on-premises systems can also be challenging, and ensuring seamless connectivity and data flow between different cloud services and legacy infrastructure is essential. Lastly, managing the cost of PaaS services can be complex, as organizations need to optimize resource allocation and monitor usage to prevent unexpected billing surprises. Addressing these challenges will be crucial for the sustainable growth of the PaaS market.

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Research methodologies:
The public cloud platform as a service (PaaS) market is being researched using both secondary and primary sources. While primary research incorporates direct market data through surveys, interviews, and focus groups, secondary research gathers information from already-existing sources like industry reports and news stories. Data analysis uses statistical techniques to pinpoint important trends and patterns, offering insights and suggestions for investors or businesses. Competitive analysis enables companies to comprehend the competitive environment and spot growth possibilities by identifying important players, market trends, and customer wants. This aids in creating goods and services that satisfy the demands of their intended market.

Following Chapter Covered in the Public Cloud Platform as a Service (PaaS) Market Research:
Chapter 1-
Provides an overview of Public Cloud Platform as a Service (PaaS) market, containing global revenue and CAGR. The forecast and analysis of market by type, application, and region are also presented in this chapter.
Chapter 2- Describes the market environment and major players. It provides basic information of these players along with competitive situation and market concentration status.
Chapter 3- Introduces the industrial chain of Public Cloud Platform as a Service (PaaS). In this chapter, industrial chain analysis, raw materials (suppliers, price, supply and demand, market concentration rate), and downstream buyers are analysed.
Chapter 4- Concentrates on manufacturing analysis, including cost structure analysis and process analysis, constituting a comprehensive analysis of manufacturing cost.
Chapter 5- Provides clear insights on market dynamics, impact of COVID-19 on industries, and analysis of consumer behaviour.
Chapter 6- Provides a full-scale analysis of major players in Public Cloud Platform as a Service (PaaS) industry. Basic information is provided as well as profile, applications, and specifications of product market performance along with business overview.
Chapter 7- Pays attention to the sales, revenue, price, and gross margin of Public Cloud Platform as a Service (PaaS) in different geographical markets. This part covers the analysis of sales, revenue, price, and gross margin in the global market.
Chapter 8- Gives a worldwide view of the market. It includes sales, revenue, price, market share, and growth rate by type.
Chapter 9- Focuses on the application of Public Cloud Platform as a Service (PaaS), by analysing the consumption and growth rate of each application.
Chapter 10- Forecasts the entire Public Cloud Platform as a Service (PaaS) market, including global sales and revenue forecasts, as well as regional forecasts. It also foresees the Public Cloud Platform as a Service (PaaS) market by type and application.

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FAQs:
1) What Is the Industry’s Current Market Situation?
2) What is the level of market competition in this sector, both regionally and nationally?
3) What is Market Analysis of the Market Considering Applications and Types?
4) What Will the Supply, Consumption, and Market Share Be?
5) What Does Upstream Raw Material and Downstream Industry Market Chain Analysis?

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