Platform as a Service Market Overview and Product Scope over 2020 - 2026

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Platform as a Service (PaaS) Market Global
Industry Forecast Analysis over 2020- 2026
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• Platform as a Service (PaaS) Market Scenario

• Players in the SaaS market are acquiring
  capital-efficient startups and collaborating with
  prominent cloud service providers to enter the
  Platform as a Service market. For instance, in
  December 2018, HubSpot partnered with AWS for
  three years to help the startups grow better.
  HubSpot is anticipated to leverage AWS services
  to expand its platform and offer added benefits
  to members of the Connect and HubSpot for
  Startups programs
• Additionally, some SaaS market players are
  launching definitive Platform as a Service
  strategies and innovative business models to
  disrupt the PaaS market. For instance, Salesforce
  is focusing on apps and platform applications,
  which will integrate social, mobile, and big
  data, in addition to machine learning, AI, and
  predictive intelligence. It helps PaaS run on
  Force.com and Heroku.
• The rising needs of IT solutions such as agility,
  scalability, Pay-per-use based pricing, and
  reduced cost time is driving the Platform as a
  Service market growth. Additionally, PaaS also
  caters to the growing demand for affordable and
  sophisticated analytic tools, business
  intelligence, and development software. PaaS
  development tools help SMEs and startups with
  pre-coded application components built into the
  platform such as directory services, workflow,
  search, and security.

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Continue-

• Application PaaS in the application segment is
  estimated to grow at a significant CAGR over the
  forecast timeline due to the increasing capital
  investments in the application development for
  web, enterprises, and mobile. Additionally, it
  enhances resource sharing across several
  projects, facilitating higher employee
  productivity in enterprises. Application Platform
  as a Service reduces the time-to-market by
  condensing the project duration by more than half
  and improving operational efficiency. The rising
  need to support the enterprise level of
  applications related projects, which include
  technical support, data security, access to
  external services, and disaster recovery is
  proliferating the Application Platform as a
  Service market.

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• Regional Analysis

• Asia Pacific is growing at a significant CAGR
  over the forecast timeline due to the rapid
  growth of IT infrastructure and the high
  development rate of the corporate sector across
  countries such as Japan, the Philippines, India,
  and China. The supportive government investments
  to propel the IT sector and the increasing
  digitization across various sectors in the region
  are contributing to the regional market growth.
  The regional Platform as a Service market is
  expected to gain traction due to its
  cost-effective pricing, scalability, agility,
  support, and operational efficiency. The presence
  of a large number of SMEs across various sectors
  in the region is anticipated to adopt PaaS due to
  the absence of properly owned infrastructure and
  lack of skilled coders other employees.

• Competitive Analysis

• Prominent players operating in the Platform as a
  Service market are Amazon Web Services, Inc.,
  Apprenda (Atos SE), Cloud Foundry, Inc.,
  CloudBees, Inc., Google LLC (Alphabet Inc.),
  Heroku (Salesforce.com), IBM Corporation,
  Microsoft Corporation, Oracle Corporation, SAP
  SE, and TIBCO Software Inc.

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