How To Turn Your Platform-as-a-service (paas) Market From Blah Into Fantastic

The global platform as a service market size will grow by USD 28.4 billion during 2019-2023. This report provides a detailed analysis of the market by deployment (public cloud, private cloud, and hybrid cloud) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several platform as a service providers including Amazon Web Services Inc., Google LLC, Microsoft Corp., Oracle Corp., and Salesforce.com Inc.

Key Insights of Platform as a Service (PaaS) Market – Global Forecast 2019-2023

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Industry Overview

PaaS model provides software development tools, APIs, and code to help organizations streamline their application development. The model also supports complete application lifecycle and reduces the burden on enterprises regarding the maintenance and up-gradation of servers. The PaaS model eliminates unnecessary human configuration tasks and simplifies the tasks of application developers. Owing to such advantages, businesses are increasingly adopting PaaS solutions, which is driving the growth of the global platform as a service market during the forecast period.

The emergence of video communication PaaS is one of the major global platforms as a service market trends influencing growth. Video communication PaaS is adopted in end-user industries for training employees, meetings, interviews, and other purposes. It enables developers to add various attributes such as real-time communication feature to cloud computing to ensure communication consumers without the need for back-end interfaces. Video communication PaaS is gaining popularity in various sectors such as business, media, education, and healthcare. Because of these factors, the global platform as a service market size is expected to grow at a CAGR of over 22% during the forecast period. However, the market’s momentum will decelerate in the coming years because of the decrease in year-over-year growth.

About This Author

Ruchi Walt Joined: August 16th, 2019