PUBLISHER: The Business Research Company | PRODUCT CODE: 1713444
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713444
Platform-as-a-Service (PaaS) is a cloud computing model that provides a platform for cloud providers to build and deploy applications for developers. It streamlines the development process, enabling faster application creation and facilitating collaboration among teams. By offering built-in tools, services, and infrastructure, PaaS enhances scalability, reduces development complexity, and shortens time-to-market for applications.
The primary categories of Platform-as-a-Service (PaaS) encompass application infrastructure and middleware (AIM), database management systems (DBMS), business intelligence platforms (BIP), and cloud-based application development. A business intelligence platform (BIP) is software that aids enterprises in collecting, comprehending, and visually representing data. It forms the core of a company's strategy for harnessing data to make informed decisions. These platform services are implemented across public cloud, private cloud, and hybrid cloud environments and cater to diverse end users, including financial institutions and services (BFSI), technology companies, retailers, distributors, educational institutions, travel and transportation, healthcare, and life sciences, among others.
The Platform as a Service (PaaS) market research report is one of a series of new reports from The Business Research Company that provides platform as a service (PaaS) market statistics, including platform as a service (PaaS) industry global market size, regional shares, competitors with a platform as a service (PaaS) market share, detailed platform as a service (PaaS) market segments, market trends and opportunities, and any further data you may need to thrive in the platform as a service (PaaS) industry. This platform as a service (PaaS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The platform as a service (PaaS) market size has grown strongly in recent years. It will grow from $115.11 billion in 2024 to $125.69 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to cloud computing adoption, developer productivity, cost efficiency, innovation and agility.
The platform as a service (PaaS) market size is expected to see rapid growth in the next few years. It will grow to $186.08 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to digital transformation, hybrid and multi-cloud strategies, edge computing, ai and machine learning. Major trends in the forecast period include hybrid and multi-cloud paas, serverless computing, kubernetes and container orchestration, artificial intelligence (ai) and machine learning (ml) tools.
The growth of the platform as a service (PaaS) market is anticipated to be driven by the increasing internet penetration. As technology becomes more accessible, broadband internet is becoming available to a larger segment of the population. This rise in internet penetration leads to increased consumption and usage of various internet-based applications, creating a growing demand for PaaS providers. For instance, in October 2022, DataReportal reported that 5.07 billion people worldwide, equivalent to 63.5% of the global population, were using the internet. Moreover, the number of internet users continues to rise, with an increase of over 170 million in the past 12 months. In July 2022, Livemint reported that there were 692 million active internet users in India, with expectations of reaching 900 million internet users by 2025. Consequently, the expanding internet penetration is expected to be a driving force behind the growth of the platform as a service (PaaS) market.
Increased public cloud spending is expected to drive the growth of the Platform-as-a-Service (PaaS) market. Public cloud refers to a cloud computing model where a service provider makes resources such as virtual machines (VMs), applications, or storage available to the general public over the Internet. PaaS in the public cloud allows customers to develop, run, and manage applications without the complexity of building and maintaining the underlying infrastructure. For instance, in June 2024, AAG IT Services, a UK-based non-governmental organization, reported that public cloud service revenue reached over $415 billion in 2022, up from $343 billion in 2021, and is expected to reach $526 billion in 2023. As a result, the increased spending on public cloud services is propelling the growth of the PaaS market.
Major companies in the Platform-as-a-Service (PaaS) market are increasingly adopting strategic partnerships to facilitate the migration of data from on-premise environments to the cloud. These partnerships enhance interoperability, streamline migration processes, and provide integrated solutions for seamless cloud transitions. Strategic partnerships allow companies to leverage each other's strengths and resources for mutual benefit. For instance, in May 2024, CJC IT, a Denmark-based company providing cloud services and IT solutions, partnered with BCC Group, a UAE-based firm offering innovative technology solutions and services. The collaboration aims to develop the ONE Platform as a Service (OPaaS), which will offer 24/7 support, real-time monitoring, and comprehensive service management. Already used by several major financial institutions globally, this fully hosted solution will be accessible both on-premise and in the cloud. The joint solution combines CJC's expertise in monitoring and critical infrastructure support with BCC Group's vendor-neutral market data distribution capabilities, enhancing cloud service offerings.
Major companies operating in the platform as a service (paas) market include Amazon Web Services Inc., Salesforce Inc., International Business Machines Corporation, Microsoft Corporation, Google LLC, Red Hat Inc., Oracle Corporation, SAP SE, Engine Yard, ActiveState Software Inc., Software AG, VMware Inc., EMC Corporation, AT&T Inc., Cloud Foundry Inc., Heroku, Mendix Technology BV, Pivotal Cloud Foundry, DigitalOcean Holdings Inc., Jelastic, CloudBees Inc., Apprenda Inc., CenturyLink Cloud, Joyent Inc., Rackspace Technology, Cloudify, Docker Inc., OpenStack, OpenNebula Systems, OpenShift Origin
North America was the largest region in the Platform as a Service (PaaS) market in 2024. Western Europe was the second largest region in the Platform as a Service (PaaS) market. The regions covered in the platform as a service (paas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the platform as a service (paas) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The platform as a service (PaaS) market includes revenues earned by entities by providing cloud-based platform services. PaaS is a cloud computing model that provides a platform for customers to develop, run, and manage applications over the Internet. Revenue in the market is generated by the companies by way of subscriptions and licenses from web/software developers or other business households. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Platform as a service (PaaS) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on platform as a service (paas) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for platform as a service (paas) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The platform as a service (paas) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.