in ,

Transparency Market Research: Global PaaS Market Worth $8B by 2020

Transparency Market Research: Global PaaS Market Worth $8B by 2020 - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

charts collageA new Transparency Market Research report predicts that the global platform-as-a-service market will achieve a compound annual growth rate of 25.7 percent through 2020 to reach a market value of $7.98 billion.

The firm said Tuesday that the growth is due to companies adopting PaaS to lower capital expenses while allowing increased operational expenses.

It added that other perceived benefits to PaaS include scalability, flexibility, agility and efficiency.

TMR presented its analysis in the report based on PaaS implementation types, solution types, chief end users and regional markets.

Public cloud had the highest market share in 2013 compared to private and hybrid cloud and will continue to do so over the forecast period, the firm said.

Other aspects covered in the report are application areas such as healthcare and life sciences, education and banking, as well as PaaS types like business intelligence platforms and database management systems.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Anna Forrester

DRT to Perform Technical Services for US Navy’s Enterprise Network; Susan Kidd Comments - top government contractors - best government contracting event
DRT to Perform Technical Services for US Navy’s Enterprise Network; Susan Kidd Comments
Executive Profile: Liz Anthony, ViON VP of Marketing - top government contractors - best government contracting event
Executive Profile: Liz Anthony, ViON VP of Marketing