Welcome!

Mobile IoT Authors: Liz McMillan, Zakia Bouachraoui, Elizabeth White, Yeshim Deniz, Dana Gardner

News Feed Item

Platform as a Service (PaaS) Market worth $6.94 Billion by 2018

DALLAS, February 12, 2013 /PRNewswire/ --

The report "Platform as a Service (PaaS) Market - Global Advancements, Business Models, Technology Roadmaps, Forecasts & Analysis (2013 - 2018)" defines and segments the global PaaS market with analysis and forecasting of the global revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges.

Browse 90 market data tables and 91 figures spread through 225 pages and in-depth TOC on "Platform as a Service (PaaS) Market -Global Advancements, Business Models, Technology Roadmap, Worldwide Market Forecasts & Analysis (2013 -2018)".
http://www.marketsandmarkets.com/Market-Reports/enterprise-platform-as-a-service-paas-market-814.html
Early buyers will receive 10% customization on reports.

MarketsandMarkets has segmented the global PaaS market by types of solutions, Implementation models, Applications, End Users, and Industry. The solutions segment comprises of business application platforms, raw computing platforms, social application platforms and web application platforms. Based on the Implementation models PaaS market is segmented into three categories public cloud, private cloud and hybrid cloud. Application Development and Maintenance PaaS (ADM PaaS), Business Process Management PaaS (BPM PaaS), Application PaaS (aPaaS), Integration PaaS (iPaaS) and Other PaaS are the segments categorized based on Applications. Based on the End Users the PaaS market segmented as Enterprise PaaS and Small and Medium size Business (SMB) PaaS. Also the PaaS market is categorized based on the industry segments such as Banking & Financial Sector (BFSI), Consumer Goods & Retail, Education, Gaming, Healthcare, Logistics & Transportation, Public Sector & Government, Telecommunications & IT, Travel & Hospitality and Others.

Each of these sub-segments is further bifurcated by geographies. The geographies covered are North America (NA), Europe, Asia-Pacific including Japan (APAC), Middle East & Africa (MEA), and Latin America (LA).

The major forces driving the PaaS market are the key factors in application development process such as agility, scalability, limited need for expertise, easy deployment, and reduced cost and development time.

PaaS has been the smallest market among the cloud computing segments. But now the trend is experiencing a drift where PaaS market is growing faster in terms of revenue. Though PaaS market is not as huge as IaaS and SaaS which are the other two segments in cloud computing, the proportion of this market is very significant. This trend has been adopted by most of the traditional cloud computing and IT solution providers in the market like Amazon, Google, IBM etc. Also many small players specializing in providing PaaS solutions have emerged and made the market so dynamic and competitive. This trend has benefited most of the application users and has increased the demand for PaaS on various sectors.

Global Platform-as-a-Service market is estimated to grow from $1.28 billion in 2013 to $6.94 billion in 2018 at a compound annual growth rate (CAGR) of 32.54% in this period. In terms of geographies, North America continues to be the biggest market for PaaS solutions.

 About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT [ http://www.marketsandmarkets.com/telecom-and-IT-market-research-113.html ], energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-6006-441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
Visit our Google plus Profile @
https://plus.google.com/113935125281262465077/posts

SOURCE MarketsandMarkets

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...