PaaS Market registering an impressive CAGR of 25.7% from 2014 to 2020

PaaS finds application in multiple areas, including energy and utility, healthcare and life sciences, media and entertainment, travel and transport, telecom, professional services, online business, education services, manufacturing, retail, distribution, and consumer packaged goods (CPG), electronics, public sector, technology, and banking, financial services and insurance (BFSI). Geographically, the global PaaS market is divided into North America, Europe, Asia Pacific, and Rest of the World. North America dominates the worldwide PaaS market, accounting for more than half of total revenue generated in 2013. The growth of this region can be attributed to the rising adoption of cloud-based services such as PaaS, IaaS, and SaaS by SMEs and large enterprises. Given the rapid infrastructural and technological advancements in Asia Pacific and Rest of the World, these regions are anticipated to grow at the fastest rate from 2014 to 2020. The rapid growth of sectors such as IT and telecom is also expected to contribute to the development of these two regional PaaS markets. 

 

Browse the full Platform as a Service (PaaS) (Public, Private and Hybrid Cloud) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/platform-as-a-service.html

 

The PaaS market is consolidated in nature, with Microsoft, Amazon, Google, and Salesforce dominating the global scenario. Together, these companies held 67.0% of total PaaS market revenue in 2013. Vendors have been relying on increasing the adoption rate of PaaS in cost-sensitive countries of the Rest of the World and Asia Pacific regions by reducing annual and subscription fees. The leading players that feature in the PaaS market research report are Red Hat, Inc., Microsoft Corporation, Amazon.com, Inc., IBM Corporation, Google, Inc., Oracle Corporation, EMC Corporation, Software AG, Salesforce.com, Inc., ActiveState Software Inc., AT&T Inc., VMware Inc., and SAP SE.

 

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