Global Platform as a Service (PaaS) Market to Grow at a CAGR of 25.7% by 2020

Strategic Insights -

The global Platform as a Service (PaaS) market was valued at USD 1.60 billion in 2013 and is forecast to reach USD 7.98 billion by 2020, driven by the flexibility, agility, scalability, and efficiency offered by PaaS solutions. The PaaS model minimizes the incremental cost required for scaling the system with growth in service usage, allowing for resource sharing, reuse, life-cycle management, and automated deployment. The key vendors of PaaS include Salesforce.com, Inc., Amazon.com, Inc., Google Inc., Microsoft Corp., and IBM Corp.

Key Takeaways:

  • The global PaaS market is expected to grow at a CAGR of 25.7% from 2014 to 2020, reaching a market size of USD 7.98 billion by 2020.
  • The PaaS model offers flexibility, agility, scalability, and efficiency, making it preferred over other solutions for application and service development.
  • The key vendors of PaaS include Salesforce.com, Inc., Amazon.com, Inc., Google Inc., Microsoft Corp., and IBM Corp.
  • The public PaaS segment dominated the market in 2013, with the expected monetizing of public PaaS functionalities driving its dominance during the forecast period.
  • The private PaaS model is expected to be the most attractive segment, growing at rates faster than both the public and hybrid PaaS models.
  • The key topics covered in the report include market overview, implementation type, type, end-users, and geography.

Statistics:

  • USD 1.60 billion: The global Platform as a Service (PaaS) market value in 2013.
  • 25.7%: The forecasted CAGR of the global PaaS market from 2014 to 2020.
  • USD 7.98 billion: The expected market size of the global PaaS market by 2020.
  • 2014-2020: The forecast period for the global PaaS market growth.
  • 2013: The year in which the public PaaS segment dominated the market.
  • Fastest growth rate: The expected growth rate of the private PaaS model.

Sources:

  • Research and Markets, "Platform as a Service Market 2014-2020"
  • www.prnewswire.com, "Research and Markets Announces the Addition of the 'Platform as a Service Market 2014-2020' Report to Their Offering"
  • researchandmarkets.com, "Platform as a Service (PaaS) Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020"