The PaaS market in 2022
Platform as a service (PaaS) is a type of cloud-based service that allows users to access a ready-to-use platform online, without having to manage an on-premises infrastructure for that -this. PaaS offerings include all the resources needed to run and develop applications over an Internet connection.
PaaS solutions are used by companies to access a private or public platform, without spending the human and financial resources necessary for its maintenance.
See below for all about the global PaaS market:
In 2020, the PaaS market had an estimate worth $47.29 billion. Expected to maintain a compound annual growth rate (CAGR) of 13% for the period from 2020 to 2025, it is expected to reach $88.11 billion by the end.
At regional levelthe global PaaS market is driven by different markets.
- The US market was worth an estimated $5.6 billion in 2020
- The Chinese market is expected to maintain a CAGR of 20%, reaching a value of $12 billion by 2027
- Japan and Canada are each expected to grow at rates of 18.1% and 17.3% over the forecast period from 2020 to 2027
- In Europe, Germany has one of the highest CAGR rates at 14.2%
- The Asia-Pacific market, led by Australia, India and South Korea, is expected to reach a value of $8 billion by 2027
By industrythe banking, financial services and insurance (BFSI) sector held the largest market share in 2020, followed closely by IT and telecommunications.
Other notable industries in the PaaS market include:
- Health care
- Retail and e-commerce
- Energy and Utility
PaaS cloud offerings tend to focus on software developers and engineers as the typical end user. Accessible remotely via an internet connection, PaaS solutions come in different types according to the specific needs of developers:
Public PaaS offers users the ability to access the platform remotely, leaving the provider to manage the physical and digital cloud infrastructure.
Run on a public cloud, public PaaS solutions are a cheap option since the server is shared with multiple tenants.
Private PaaS has the same features and accessibility as public PaaS, except for other tenants. This allows users to configure the platform according to their needs and increase privacy and security standards.
Similarly, the cloud is managed by a third-party service provider.
Hybrid PaaS is an offer that combines both private PaaS and public PaaS.
By including the benefits of both types of PaaS, users can optimize price and security by performing some operations on the private cloud platform and others on the public.
Communication PaaS (CPaaS) allows software engineers to maintain communication with applications without the need for a base or back-end interfaces.
Mobile PaaS (MPaaS) is a specialized type of PaaS that includes lifecycle management, analytics, and development environment specifically for mobile application development.
In MPaaS, minimal coding capabilities are required, allowing users to focus on application development through built-in gadgets and tools.
Open PaaS (OPaaS) is a free online platform that offers all the functionality and features of an enterprise-owned PaaS offering for free.
Users can develop and run applications without having to purchase and maintain the necessary onsite or remote infrastructure themselves.
“Unlike IaaS, companies using PaaS receive more than on-demand hardware. At the same time, they are not limited by the pre-configured options of SaaS,” says Sudhir Mehtamember of the Forbes Technology Council.
“With PaaS, businesses receive a developer-ready framework that is easy to integrate and can always be uniquely customized to their needs. Many PaaS vendors offer the ability to manage software development infrastructure, from operating systems, servers, and storage to networking. »
Advantages of PaaS
PaaS aims to help developers and engineers focus on building mobile and web applications, without having to spend time, energy and costs directly managing the physical servers supporting the platforms. .
Some notable benefits of PaaS solutions include:
- saving time and money
- Eliminates the need for on-premises infrastructure
- Reduces pressure on internal IT resources
- Reduces application time to market
- Enables application development for multiple platforms
- Easily scalable for increased traffic
- Built-in app development tools
“PaaS offers the ability to simplify and automate many repetitive development tasks, allowing IT staff to focus on higher-level work rather than installing software updates and other tasks. time-consuming, while improving organizational efficiency”, says Sudhir Mehtamember of the Forbes Technology Council.
“Essentially, aPaaS can make new application development more accessible, removing the need for specialized developer talent.”
PaaS use cases
PaaS platforms are versatile in the field of software and application development. Companies can use different types of PaaS offerings to simplify their application development processes.
The following case studies show how various organizations are using vendor PaaS solutions:
UBank is a digital-only bank that offers online and telephone banking and financial services. Based in Sydney, Australia, it eliminates major business costs by not maintaining in-person offices and branches.
In order to maintain its cloud-based model while improving and releasing new innovative features and products, UBank was looking for a PaaS cloud development solution.
Using both the IBM Cloud Platform and PaaS environment, UBank was able to run a virtual agent that integrates IBM Watson technology to support its banking application.
“The interest for us in moving to a PaaS solution was the idea of giving more control to our developers and reducing the need for additional resources”, says Jeremy HubbardHead of Digital and Technology, UBank.
“IBM is helping us implement our vision of our ideal operating model. … We foster an environment that breaks down barriers and drives innovation.
With IBM Cloud and PaaS, UBank was able to accelerate the time to market of its products, support rapid innovation and open the door to future collaboration with IBM.
Depop is a UK-based online shopping and retail community experience. Depop enables users to sell and discover fashion items, helping the fashion industry become more sustainable and inclusive through second-hand shopping and online savings.
Depop needed a new platform solution as it was reaching the limits of its existing PaaS technology. Choosing to migrate to AWS, Depop needed to understand and implement many cost saving and monitoring measures offered by AWS services.
“With our PaaS provider, we were facing several challenges, such as scalability limitations, lack of flexibility in how we scale our applications, and constraints in how solutions are built due to a set available features fully managed, but limited”, said Robert ErdinDirector of Applications and Services, Depop.
“To support a product and engineering organization of 100+ people spread across nine cross-functional teams with only a handful of engineers dedicated to maintaining the infrastructure…no matter what you want to do, there’s a AWS service for this.
With the AWS PaaS solution, Depop was able to increase the number of developers working on its application from two to eight, allowing for more testing and a faster time to market for updates.
Elcatex is a raw material manufacturing company in the textile industry. Based in Honduras and founded in 1984, it is a leading textile producer in Central America, carrying over 30 companies under its name and spanning more industries.
Seeking to transform its digital environment to accommodate asset growth and market demand, Elcatex began by migrating its infrastructure to the Microsoft Azure cloud, where it used Microsoft PaaS in the workplace.
“Microsoft Azure SQL Database and App Service provide us with the intelligence we need to effectively adjust and scale to meet the data processing demand we have, leveraging all the power a PaaS solution offers,” says Carlos MejiaChief Technology Officer, Elcatex.
“In addition, the scalability offered by Microsoft services translates into savings for Elcatex in terms of infrastructure, since we only use the service when necessary.”
Working with Microsoft, Elcatex was able to support its 10,000 employees and automate monthly payroll, which previously required 10 hours of manual labor at a time.
Some of the leading PaaS service providers in the market include:
- Google Cloud