Global platform as a service Market Report 2018 Trends, Latest News & developments, Demand, Investment Opportunities, Deep-Dive Insights
According to a new report published by Reports Monitor titled, “Global Platform as a service, Growth Opportunities, Innovations and Forecast, 2018-2025,” the platform as a service market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Platform as a service is also known as application platform. It is category of cloud computing service. Further, the worldwide platform allowing end users to develop, run and manage application without the complication of building and maintaining infrastructure typically associated with launching and developing an app.
Platform as a service is described as a cloud computing model that distributes submissions over the internet. Further, in this market a cloud provider delivers hardware and software tools typically desired for application progress to its operators as a service. Additionally, it is providing hosts software and hardware on its own infrastructure. Key factor of global platform as a service market are full control over the users accessing the software and the processing of data provided by PaaS coupled with high efficiency of PaaS solutions.
This report provides a detailed analysis of platform as a service, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global platform as a service market is majorly segmented on the basis of type and application. Based on type the global platform as a service market is bifurcated into public, private and hybrid, mobile platform as a service, open platform as a service, platform as a service for rapid development, system types and others. Further, based on application it is segmented into software developers, web developers, business and others.
The global platform as a service market is majorly studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Asia-Pacific region is influenced by the platform as a service market, which is expected to significantly growing due to the rapid technological and the infrastructural advancements coupled in sectors such as IT, telecom and other sectors. The enterprises in Asia-Pacific region are looking for large service market offering to provide differentation, as most of the software available from the cloud computing.
The major key players operating in the market are: Oracle corporation, Active State Software Inc., Red Hat, SAP SE, EMC corporation, VMware Inc., Software AG, Salesforce.com, Inc and AT&T Inc.
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