Platform as a service also referred as PaaS is a type of cloud computing that provides an environment and platform to permit developers to build applications and services over the internet. These services are hosted in the cloud and accessed by users with the help of their web browser. The applications and infrastructure are managed for customers. Services are regularly updated, additional features added and existing features upgraded.
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Platform as a service is a part of cloud computing services that offers computing platform and stack of tools or solutions to consumers in order to further build up applications. There are numerous types of PaaS available such as private, public and hybrid. Initially PaaS was developed as an application solution in the public cloud, before expanding to incorporate hybrid and private options. Some of the commercial public cloud PaaS providers are IBM Bluemix, OutSystems, Heroku, Mendix, Salesforce, and Acquia among others.
This research study includes forecast and analysis for the Public Cloud Platform as a Service (PaaS) Market on a global and regional level. This report covers historic data of the year 2015 and forecast for period 2016-2021 on the basis of revenue (USD Million). This research study further gives in-depth competitive landscape of the global market. It includes company market share analysis, product offerings of the prominent industry players. This report offers thorough segmentation of the public cloud platform as service on the basis of type and region.
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Emerging economies of Asia-Pacific are predicted to opens new avenues for the public cloud platform as service. North America region is an early adopter of these services and held the highest market share in 2015. Asia Pacific is a one of the fastest growing market for cloud services. Economic benefits offered by cloud services acts as the drivers in developing countries of Asia Pacific for the adoption of cloud based services.
This research study includes restraints and drivers for the competitive public cloud platform-as-a-service market and their effect on the demand over the estimated period. Additionally, the report covers the study of opportunities present in the public cloud platform-as-a-service market on a global level.
The report covers all-inclusive competitive outlook along with company profiles of the prominent companies in the global public cloud platform as service market. Market participants are employing the practice of reducing subscription and annual fee. Adoption of such strategy by the market participants intensifies the overall competition in the market space. Major companies profiled in the report are IBM, Engine Yard, Google Inc, Microsoft Corporation and Amazon Web Services, Inc. among others.