Press release distribution to media in EMEA
  • Middle East
  • North Africa
  • Global
  • Business
  • Finance
  • Technology
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
No Result
View All Result
MENA NEWS | Press release distribution to media in UAE and MENA regions
  • Middle East
  • North Africa
  • Global
  • Business
  • Finance
  • Technology
  • Press
  • About Us
    • Press Release Distribution Services
    • Submit Press Release
    • Contact Us
Submit PR
No Result
View All Result
PR distribution to media in EMEA
Submit PR
Home Press

Platform as a Service (PaaS) Market worth $164.3 billion by 2026

admin by admin
March 1, 2022
in Press
Share on FacebookShare on Twitter


(EMAILWIRE.COM, March 01, 2022 ) The report “Platform as a Service (PaaS) Market by Type (APaaS, IPaaS, DBPaaS), Deployment (Public and Private), Organization Size (Large Enterprises and SMEs), Vertical (Consumer Goods and Retail, BFSI, Manufacturing), and Region – Global Forecast to 2026”, size is expected to grow from USD 56.2 billion in 2020 to USD 164.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. Key factors that are expected to drive the growth of the market are the increasing need to reduce time to market and cost of application development and focus on streamlining application management. However, cloud washing hindering the growth of PaaS, and security concerns related to the adoption of public cloud are expected to limit the market growth. Apart from drivers and restraints, there are a few lucrative opportunities for PaaS providers in the market. The rapid development of the mobile app ecosystem and the emergence of video communication PaaS are some of the opportunities for vendors in the PaaS market. These opportunities are expected to present new market growth prospects for PaaS vendors.

Browse in-depth TOC on “ Platform as a Service (PaaS) Market”

231 – Tables

41 – Figures

216 – Pages

Application PaaS segment to hold a larger market size during the forecast period

aPaaS is a service that provides deployment and development environments for application services. The aPaaS allows businesses and IT teams to effectively collaborate and deliver new web and mobile applications faster so that organizations can innovate business practices, differentiate within the market, and streamline operational workflows. This cloud service offers numerous benefits, such as smooth integration of applications with other services, hassle-free application management without building and maintaining the infrastructure, and others. These benefits make aPaaS one of the preferred services among a wide range of end users. aPaaS enables rapid application development and delivery. This form provides high productivity and high control. The coding process for PaaS can slow down delivery, but aPaaS brings automation in the application lifecycle and also offers a fast way to build apps.

Get More Info of the Report @ https://www.marketsandmarkets.com/Market-Reports/enterprise-platform-as-a-service-paas-market-814.html

SMEs segment to grow at the highest CAGR during the forecast period

SMEs are defined as organizations with an employee strength ranging from 1 to 1,000. SMEs have a low marketing budget and often lack the resources and capabilities for effective marketing orchestration. The majority of SMEs are prone to cyberattacks as compared to large enterprises due to the lack of security infrastructure. According to a survey, nearly 43% of cyberattacks occur in small enterprises. Hence, SMEs need robust infrastructure to fight against cyberattacks and avoid data loss and downtime. In comparison with the large enterprises segment, the SMEs segment is facing various challenges in terms of resources. SMEs focus on reducing the overall cost and adopt enhanced infrastructures. They require a flexible payment model for better cost optimization of their business processes.

Consumer goods and retail industry vertical to grow at the highest CAGR during the forecast period

The consumer goods and retail vertical is one of the fastest-growing verticals with respect to the adoption of advanced technologies, such as cloud computing, big data analytics, DevOps, digital stores, and social networks. The four key areas expected to have positive disruptions in this vertical include sales and marketing, new product and process innovation, manufacturing and supply chain, and forecasting and planning. Retail companies aim at developing new applications that rationalize the existing application portfolios. Advancements in technology have revolutionized the Points of Sale (POS) and of supply, and are expected to create new opportunities and new avenues for revenue and growth.

North America to account for the highest market share during the forecast period

North America is estimated to hold the largest market size in the global PaaS market in 2020, and the trend is expected to continue during the forecast period. The need to streamline application development and reduce the time taken to develop applications are expected to drive the North American market. The US is estimated to hold a larger market share in 2020 in the North American PaaS market, and the trend is expected to continue until 2026. It is a technologically-advanced country, due to the high level of technology awareness and the presence of a large number of CSPs and MSPs. The presence of giant cloud players, such as AWS, Microsoft, Google, and IBM, are headquartered in the US, which contributes to the growth of PaaS in the US.

Key Players:

The PaaS market comprises major providers, such as AWS (US), Microsoft (US), Alibaba Cloud (China), IBM (US), Salesforce (US), Google (US), Oracle (US), SAP (Germany), Mendix (US), Zoho Corporation (India), Engine Yard (US), Apprenda (US), VMware (US), ServiceNow (US), Plesk (Switzerland), Render (US), CircleCI (US), Tray.io (US), Cloud 66 (UK), AppHarbor (US), Jelastic (US), Platform.sh (France), Scalingo (France), PythonAnywhere (US), and Blazedpath (US). The study includes an in-depth competitive analysis of key players in the PaaS market with their company profiles, recent developments, COVID-19 developments, and key market strategies.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



Source link

Previous Post

Ukraine’s Fog of War and the Correction | MarketMinder

Next Post

Polymethyl Methacrylate Market worth $5.6 Billion by 2026

RelatedPosts

Press

Latin America: Opportunities and Challenges in On-Orbit Satellite Servicing (2023-2030)

(EMAILWIRE.COM, May 29, 2023 ) This report analyses the On-orbit Satellite Servicing Market from 2023 to 2030. It...

by admin
May 29, 2023
Press

DataOps Platform Market Outlook To 2028 | Precise Scenario with Latest Trends, Opportunities, Growth Overview

(EMAILWIRE.COM, May 29, 2023 ) The global DataOps Platform Market size is projected to grow from USD 3.9...

by admin
May 29, 2023
Catheters Market worth $24.2 billion by 2025 – Exclusive Report by MarketsandMarkets™
Press

Catheters Market worth $24.2 billion by 2025 – Exclusive Report by MarketsandMarkets™

 (EMAILWIRE.COM, May 29, 2023 ) The growing target patient population and the rising focus on minimally invasive surgical...

by admin
May 29, 2023
Press

AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

(EMAILWIRE.COM, May 29, 2023 ) BEIRUT, LEBANON – (ARAB NEWSWIRE) - AND BEYOND has recently collaborated with the...

by admin
May 29, 2023
Load More

Advertize

Latest Post

Prioritizing the U.S.-Africa Commercial Agenda

Prioritizing the U.S.-Africa Commercial Agenda

by admin
May 31, 2023

Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

by admin
May 31, 2023

الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

by admin
May 31, 2023

الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

Riyadh hosts second edition of Global Project Management Forum

by admin
May 31, 2023

Rising Confidence and Strong Performance: Hercules Capital Inc. Attracts Institutional Investors and Boosts Dividend Payout

Rising Confidence and Strong Performance: Hercules Capital Inc. Attracts Institutional Investors and Boosts Dividend Payout

by admin
May 31, 2023

AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

by admin
May 29, 2023

MENANEWS provides press release distribution services for businesses, organizations and other entities with the need to reach media outlets in Europe, Middle east and Africa (MENANEWS) Submit press release or contact us today.

Share Us

CATEGORIES

MIDDLE EAST
NORTH AFRICA
GLOBAL
BUSINESS
FINANCE
TECHNOLOGY
PRESS

Subscribe To Our Newslatter

    © 2023 Copyright MENANEWS.CLUB
    No Result
    View All Result
    • Middle East
    • North Africa
    • Global
    • Business
    • Finance
    • Technology
    • Press
    • About Us
      • Press Release Distribution Services
      • Submit Press Release
      • Contact Us

    © Copyright MenaNews.club™