Platform as a service (PaaS) Market Size, Share And Growth Analysis For 2024-2033

• 02 Jan 2024
• TM Team
• 0 Comments

As per TBRC’s market forecast, the platform as a service (paas) market size is predicted to reach $87.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.

The growth in the platform as a service (paas) market is due to the increasing internet penetration. North America region is expected to hold the largest platform as a service (paas) market share. Major players in the platform as a service (paas) market include Amazon Web Services Inc., Salesforce Inc., International Business Machines Corporation, Microsoft Corporation, Google LLC.

Platform as a service (PaaS) Market Segments
• By Type: Application Infrastructure and Middleware (AIM), Database Management Systems (DBMS), Business intelligence platform (BIP), Application development on Cloud
• By Deployment: Public Cloud, Private Cloud, Hybrid Cloud
• By End User: Financial Institutions and Services (BFSI), Technology,, Retail, Distribution, Education services,, Travel and transport, Healthcare and life sciences, Other End-Users
• By Geography: The global platform as a service (paas) market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Platform-as-a-Service (PaaS) refers to a cloud computing model that provides a platform for cloud providers to build apps for developers.

The main types of Platforms as a Service (PaaS) are application infrastructure and middleware (AIM), database management systems (DBMS), business intelligence platforms (BIP), and application development on the cloud. A business intelligence platform (BIP) is software that assists businesses in gathering, understanding, and visualizing data. It is the foundation of a company's business intelligence strategy, which is how the company uses data to make better decisions. The platform services are deployed through public cloud, private cloud, and hybrid cloud by various end users such as financial institutions and services (BFSI), technology, retail, distribution, education services, travel and transport, healthcare and life sciences, and others.