Future Outlook of North America PaaS Industry: Ken Research

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What Is the Size of North America PaaS Industry?

North America PaaS market is growing at a CAGR of ~% in 2017-2021B and is expected to reach ~USD Bn by 2027F. The growth of PaaS market in North America is driven 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. The adoption of the PaaS model is driven by several cost advantages.

By using the newest technology, enterprises are concentrating on lowering its CAPEX. Due to its ability to directly work in a platform provided by the cloud providers as and when necessary, PaaS solutions have seen a surge in investments.

Businesses' technology environments are evolving quickly, including how infrastructure is constructed and maintained, as well as how software applications are produced and delivered. Time to Market (TTM) refers to how long it takes a company to bring a product or feature to market; it is an important aspect in determining an organization's performance, along with product development costs.

The mobile ecosystem is rapidly expanding, and app development is emerging as a critical component powering its expansion. The creation of corporate mobile apps is becoming a primary concern for corporations as digital firm’s flourish. The COVID-19 outbreak has caused a surge in demand for several mobile applications.

North America PaaS Market

North America PaaS Market by Deployment Type

The Hybrid segment in the North America PaaS market is growing at a CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. In 2022, public cloud deployments will obtain 29% of budgets, in-house private cloud deployments will obtain 13%, and hosted private cloud deployments will obtain 15%. The budgetary goals confirm that Canadian businesses understand that hybrid clouds are the way of the future.

Products from the majority of public cloud providers are making the idea of distributed cloud computing more tangible. They are making it easy to move workloads from one cloud deployment style to another.

North America PaaS Market by Type

The Database as a Service (DBPaaS) market is growing at a fastest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. Real-time data access and cloud storage data are driving the growth of DBPaaS among the end-user industries. Healthcare, Media and Telecommunications, Banking, Financial Services, and Insurance require an ample amount of database storage. AIPaaS is likely to gain a market share by 2027 because of increasing investments in AI technologies such as machine learning (ML), deep learning (DL), and natural language processing (NLP).

North America PaaS Market by Enterprises Type

The SME segment in the North America PaaS market is growing at the highest CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. This growth is mainly because SMEs are turning to PaaS providers to broaden their customer reach as they attempt to expand their digital marketing efforts, which is driving up demand for cloud-based services. Many large industries are embracing cloud services because they enable them to fulfil their business objectives at a low cost.

North America PaaS Market by Type of End User Industry

The North America Retail and Consumer Goods Industry is expected to grow at positive CAGR of ~% in 2017-2021 and is expected to reach ~USD Bn by 2027F. Accelerated digitalization has encouraged investment in innovative, promising new technologies and the wide-scale adoption of effective PaaS ecosystems.

Automotive and Transportation is likely to rise in implementation of cloud in new generation vehicles. Tech companies are diversifying into applications and combining a specialized software package for automobiles. Energy and Utility shown gradual rise is because the utility businesses are facing a threat from an increasingly competitive market so it seeks to move to a more digital and cloud-based environment.

Competition Scenario in North America PaaS Market

The Competition is Highly Competitive or Fragmented. There are a few big companies in North American PaaS market that offer a diverse range of products, however they are facing stiff competition from other players who offer a limited range of specialized products. Companies are competing on various parameters such as Partnerships, New Products and offering comprehensive PaaS solutions to all major end user industries.

Key Competitor Profiles         

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Major Countries Analysis

Given Below are Example Images of Major Country Analysis slides from the report for Representation Purposes.  These Slides Content May Not be Exactly Matching the Focused Market in this Report

What Is the Expected Future Outlook for The Overall PaaS Market in North America?

The revenues generated by PaaS market players in North America are projected to augment to ~ by 2027 from ~ during 2022, registering a robust CAGR of ~ during the same period.

Media and Telecommunication is expected to gain shares during the forecasted period. This is mainly due to the rise in spending on OTT platforms such as Netflix, WhatsApp, YouTube, and many more. Post-Covid, people have started spending more time on this platform which is driving the growth of the PaaS market indirectly as it needs cloud storage and databases to store the data.

With the flexibility to scale up or down at any moment and without extra expenses, PaaS is perfect for the constantly shifting financial dynamics of SMEs.  During the forecast period of 2022-2027, the Database as a Service (DBPaaS) Type is expected to witness fastest CAGR of ~ while the Application as a Service (aPaaS) Type is expected to witness slowest growth at ~ CAGR.

Continuous edge-to-cloud data, application protection, and cost savings aided by the Hybrid segment are expected to make it the most preferred choice of product type in the North America PaaS based Market. The mobile ecosystem is rapidly expanding, and app development is emerging as a critical component powering its expansion.

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Key Segments Covered in North America PaaS Market

North America PaaS Market by Deployment Type

Public Cloud

On-Premises

Hybrid Cloud

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)

Others

North America PaaS Market by Enterprises Type

Large Enterprises

SMEs

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

Healthcare

Energy and Utility

Automotive and Transportation

Others

North America PaaS Market by Geography and Major Countries: -

USA

Canada

Mexico

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

Companies Mentioned: -

Key Competitors 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

SAP SE

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Emerging PaaS Companies in North America Mentioned in the Report: -

Outsystems

IntelePeer

Nodejitsu Inc.

ActiveState

Cloud Connectors

Fintelics Technology Inc.

Hexagon Data

Technogi

Gogiro

OneCloud

MCM Telecom

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: -

North America Platform as a Service (PaaS) Market

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Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249