The report titled “North America Platform as a Service (PaaS) Market Outlook and Forecast to 2027 – Driven by Major Cost Savings and Faster Time to Market achieved from PaaS Use: Ken Research” provides a comprehensive analysis of the North America PaaS Market. The report provides industry size basis revenue and value chain analysis, market segmentation based on Deployment Type, Solution Type, Enterprises Type, End User Industry, competition benchmarking, COVID-19 impact, future projections and trends, drivers & challenges. It also provides the market by Revenue of the major countries in the North America region and also provides the country-level analysis based on the segments. It also provides inputs on major opportunities and potential strategies to gain from the market.
North America PaaS Market Outlook, Drivers, and Challenges
The North America PaaS Market is expected to witness strong growth of over 20% CAGR over the next five years. This is mainly due to change in business technology that is how software applications are developed and distributed. By using the newest technology, enterprises are concentrating on lowering their entire CAPEX. Due to its ability to enable companies adopt hardware, middleware, operating systems, software, and resources as and when necessary, PaaS solutions have seen a surge in investments.
By switching to a PaaS model based on the cloud, the cost of servers, software, hardware, middleware, and related network equipment is much lower, which lowers CAPEX. Rising mobile use and increased enterprise appliance involvement are anticipated to drive PaaS growth in the region. Recent years have seen a large number of big cloud providers enter the PaaS market, demonstrating the region’s increasing momentum.
According to the cloud service providers, as digitalization progresses, payments will become increasingly cloud-native, enabling them to use local, international, and regional payment systems via a single interface. Providers also need to handle changing financial problems and market difficulties. Therefore, the market for platforms as a service is probably going to gain from digitization, online payments, and the creation of new goods. Additionally, it provides a cutting-edge infrastructure to support digital transformation, which will increase demand for PaaS architecture.
The North American PaaS Market faces some key challenges as well. Since data is kept off-site while using a PaaS, data security must be taken into account and carefully reviewed. Vendor lock-in occurs when changing vendors is extremely expensive, pushing the client to choose another vendor. Customers are unable to transfer vendors due to cost problems and a small workforce. Another significant factor for vendor lock-in in the platform as a service sector is a lack of standardization.
Key Segments Covered in North America PaaS Market
North America PaaS Market By Deployment Type
North America PaaS Market By Solution Type
PaaS for Artificial Intelligence (AIPaaS)
Database as a Service (DBaaS)
Integration Platform as A Service (iPaaS)
Application as a Service (aPaas)
Business Analytics (BaPaaS)
Application Development (ADPaaS)
North America PaaS Market By Enterprises Type
North America PaaS Market By Type of End User Industry
Banking, Financial Services, and Insurance (BFSI)
Retail & Consumer Goods
Media and Telecommunication
IT and ITeS
Energy and Utility
Automotive and Transportation
North America PaaS Market By Geography and Major Countries:-
Key Target Audience:-
Commercial Platform as a Service (PaaS) Solutions Providers
Enterprise Software Solutions Providers
Enterprise Software Service Providers
Enterprise Cloud Infrastructure and Solution Providers
Enterprise Software Systems Developers & Integrators
Enterprise Software Solutions User Interface (UI/UX) Design Providers
Enterprise Software Solutions Operating System (OS) Providers
Enterprise Software Solutions Distributors
Cloud Infrastructure Providers
Cloud Software Solutions Developers
Cloud Software Solutions Distributors
Allied/Auxiliary industries for PaaS Solutions
Middleware Software Providers for PaaS
Potential Investors in PaaS Solutions Segment
IT and ITES Industry Associations
Ministries of Information Technology Services
Ministries of Communication Technology Services
Time Period Captured in the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Key Competitors in North America PaaS Market
Amazon Web Services (AWS)
Dell Technologies, Inc.
Emerging PaaS Companies in North America Mentioned in the Report:-
Fintelics Technology Inc.
Key Topics Covered in the Report:-
Snapshot of North America PaaS Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of North America PaaS Market
Historic Growth of Overall North America PaaS Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of North America PaaS Industry
Overview, Product Offerings, and SWOT Analysis of All the Key Competitors
COVID-19 Impact on the Overall North America PaaS Market
Future Market Forecast and Growth Rates of the Total North America PaaS Market and by Segments
Market Size of End User Industries with Historical CAGR and Future Forecasts
Analysis of North America PaaS Market in Major North American Countries
Major Production / Consumption Hubs in the Major Countries
Major Production/Supply and Consumption/Demand Hubs in Each Major Country
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging North America PaaS Companies within Each Major Country
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications
Frequently Asked Questions:-
What is the Study Period of this Market Report?
The North America PaaS Market is covered from 2017 – 2027 in this report, which includes a forecast for the period 2022-2027.
What is the Future Growth Rate of North America PaaS Market?
The North America PaaS Market is expected to witness a CAGR of above 20% over the next 5 years.
What are the Key Factors Driving the North America PaaS Market?
Cost savings from switching to PaaS Model and rapid growth of mobile apps development ecosystem are anticipated to drive North America PaaS Market growth.
Which is the Fastest Growing Deployment Segment within the North America PaaS Market?
Hybrid Cloud is the fastest growing Deployment Segment within the North America PaaS Market.
Who are the Key Players in North America PaaS Market?
Amazon Web Services (AWS), Google Cloud, Microsoft, AT&T Inc., Dell Technologies, Inc., IBM, Oracle, HPE, Vmware Inc., Salesforce, Mendix and SAP SE are the major companies operating in North America PaaS Market.