The PaaS market is expected to continue growing due to the increasing adoption of cloud computing technologies, rising demand for customized applications, and the need for faster and more efficient software development processes. Moreover, the PaaS market is highly competitive, with a large number of vendors offering similar solutions. To remain competitive, PaaS providers must constantly innovate and improve their products and services. Furthermore, pricing is an important factor in the PaaS market, with customers looking for affordable and flexible pricing models. PaaS providers are offering various pricing plans, including pay-as-you-go and subscription-based models.
PaaS providers are increasingly focusing on integration with other cloud services, such as infrastructure as a service (IaaS) and software as a service (SaaS), to provide customers with a more comprehensive cloud solution.
The value of the global Platform as a Service (PaaS) Market was US$ 10,243.5 Mn in 2021 and is expected to reach US$ 101,168.9 Mn by 2030, exhibiting at a CAGR of 9.2% between 2022 and 2030.
Leading Companies in the Platform as a Service (PaaS) Provider Industry:
1. ActiveState Software Inc.: ActiveState is a Canadian software company that offers a PaaS solution called Stackato, which enables users to deploy, manage, and scale applications in private or public cloud environments. The company was established in the year 1997.
2. AT&T Inc.: Established in 1983, AT&T is a US telecommunications company that offers a PaaS solution called AT&T Platform as a Service, which provides a scalable and secure platform for deploying and managing applications in the cloud.
3. Salesforce.com, Inc.: Salesforce is a US cloud computing company that offers a PaaS solution called Salesforce Platform, which enables users to build, deploy, and run custom applications on the Salesforce platform. The company was founded in 1999.
4. VMware Inc.: VMware is a US cloud computing and virtualization company that offers a PaaS solution called VMware Cloud Foundry. The company’s establishment year is 1998. VMware Cloud Foundry provides a multi-cloud platform for deploying and managing applications across private and public cloud environments.
5. Amazon.com, Inc.: Amazon is a US e-commerce and cloud computing company that offers a PaaS solution called Amazon Web Services (AWS) Elastic Beanstalk, which enables users to deploy and manage applications in the AWS cloud. The company was established in the year 1994.
6. Software AG: Software AG is a German software company that offers a PaaS solution called Cumulocity IoT, which provides a cloud-based platform for developing and deploying Internet of Things (IoT) applications. Software AG announced in December 2021 that they had launched a new PaaS offering called the Software AG Cloud. This new offering is designed to provide customers with a flexible and scalable platform for building and deploying applications, with a range of pre-built connectors and APIs to simplify integration with other systems.
7. Google, Inc.: Established in 1998, Google is a US technology company that offers a PaaS solution called Google App Engine, which provides a scalable and secure platform for building and deploying web applications on the Google Cloud Platform. Google announced in November 2021 that they had launched a new PaaS offering called Cloud Code for IntelliJ, which is designed to help developers build and deploy applications more quickly and easily. This move allowed Google to offer a more streamlined development experience for their customers, and to remain competitive in the cloud computing market.
8. EMC Corporation: EMC is a US data storage and cloud computing company that offers a PaaS solution called Pivotal Cloud Foundry, which provides a platform for developing and deploying applications in private or public cloud environments. The company was started in 1979. EMC was acquired by Dell in September 2016. Since then, the company has continued to offer their PaaS offering, Pivotal Cloud Foundry, which is designed to help businesses of all sizes build and deploy applications quickly and easily.
9. Microsoft Corporation: Microsoft is a US technology company that offers a PaaS solution called Microsoft Azure, which provides a cloud-based platform for developing, deploying, and managing applications across multiple devices and platforms. The company was first established in the year 1975. Microsoft announced in November 2021 that they had launched a new PaaS offering called Azure Arc-enabled servers, which is designed to help customers manage their on-premises servers using the Azure management portal. This move allowed Microsoft to offer a more streamlined management experience for their customers, and to help bridge the gap between on-premises and cloud environments.
10. SAP SE: Established in the year 1972, SAP is a German software company that offers a PaaS solution called SAP Cloud Platform, which provides a platform for developing, deploying, and managing applications in the cloud. The company’s establishment year is 1972. SAP announced in November 2021 that they had launched a new PaaS offering called RISE with SAP, which is designed to help customers accelerate their digital transformation initiatives by providing a comprehensive suite of services, including software, infrastructure, and services.
11. IBM Corporation: IBM is a US technology and consulting company that offers a PaaS solution called IBM Cloud Foundry, which provides a platform for building and deploying applications in private or public cloud environments. The company was founded in 1911. IBM launched the IBM Cloud Pak for Integration on May 12, 2020. The platform includes a range of tools and services for developers to build, test, and deploy integrations quickly and efficiently.
12. Red Hat, Inc.: Red Hat is a US software company that offers a PaaS solution called OpenShift, which provides a platform for building, deploying, and managing applications in private or public cloud environments using container technology. The company was established in 1993. Red Hat released OpenShift 4.8, the latest version of Red Hat's enterprise Kubernetes platform. OpenShift 4.8 was released on June 8, 2021.
13. Oracle Corporation: Started in the year 1977, Oracle is a US technology company that offers a PaaS solution called Oracle Cloud Platform, which provides a platform for building, deploying, and managing applications in the cloud using Oracle's technologies and services.
Definition: Platform as a service (PaaS) is a cloud computing model where a third-party provider offers a platform to customers, enabling them to develop, run, and manage applications without having to build and maintain the underlying infrastructure.
