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Platform as Service Market 2021 Company Profiles, COVID – 19 Outbreak, Emerging Technologies, Business Trends, Industry Segments, Landscape and Demand


iCrowdNewswire   Jan 13, 2021  1:00 AM ET

Platform as a Service Market Highlights:

Market Research Future (MRFR)’s latest study reveals that the global platform as a service market is projected to grow saliently at a CAGR of 26% during the forecast period 2016 to 2022. The market is expected to reach a value over USD 12 Bn by the end of the assessment period.

The increased penetration of software technology has accelerated revenue creation for the participants of the platform as a service market. PaaS models enable the users to create software applications easily by using tools delivered by the cloud provider. The increasing need for the integration of software applications for profit making in business is likely to propel demand in the platform as a service market.

Platform as a Service (PaaS) Market ensures cost effectiveness by cutting down costs related to purchasing of a server, software licenses, and additional hardware for developing and managing applications. This, in turn, is projected to catapult the platform as a service market on an upward trajectory.

Other factors responsible for the growth of the market include increasing adoption of cloud-based services and IoT technology among SMEs, technological advancements, growing demand for application development, etc. However, factors such as data security, customer captivity, and limited flexibility are set to hold the market expansion across the review period.

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Major Key Players:

Platform as a Service Market Segments:

Global Platform as Service Market has been segmented on the Basis of Deployment, Type, End-User and Industry. The Deployment includes Public, Private and Hybrid Cloud. Type has been identified as Application, Integration, and Data Management among others.

By End User the market has been segmented as Small and Medium Enterprises among others, whereas Industry consist of Banking & Financial Sector, Government & Public Sector, Healthcare & Life Sciences, Education, Consumer Goods & Retail, Telecommunications & IT among others.

Regional Analysis:
North America is dominating the market of Platform as Service Market due to the high-adoption rate of cloud-based services by various enterprises and businesses in this region. Major cloud service provider are such as Google, Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), are based in North America thus supporting the platform as a service market.

Asia-Pacific is expected to show major growth in the market of Platform as Service Market due to the high growth in Cloud services & big data, telecom and IT sectors in this region.

Europe is expected to registering healthy growth in the Platform as Service Market due to increased adoption of cloud services by many SMEs & VSMs with higher enterprise engagement at the application level is supporting the market of platform as a service model.

Table of Contents

1        Market Introduction

1.1       Introduction   

1.2       Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3       Market Structure

Continued… 

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List of Tables

Table 1 Global Platform As A Service Market By Deployment

Table 2 Global Platform As A Service Market By Type

Table 3 Global Platform As A Service Market By End-User

Table 4 Global Platform As A Service Market By Industry

Table 5 Global Platform As A Service Market By Regions

Continued… 

List of Figures

Figure 1 Research Type

Figure 2 Global Platform As A Service Market: By Deployment (%)

Figure 3 Global Platform As A Service Market: By Type (%)

Figure 4 Global Platform As A Service Market: By End-User (%)

Figure 5 Global Platform As A Service Market: By Industry (%)

Continued…

About Market Research Future:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.



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Keywords:    Platform as Service Market, Global Platform as Service Market, Platform as Service Market Forecast, Platform as Service Market Growth, Platform as Service Market Trends, Platform as Service Market Size, Platform as Service Industry

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