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.
North America PaaS Market
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 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
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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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Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
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