- The key vendors in the global PaaS market 2015-2019 are Amazon Web Services, CloudBees Google, Pivotal Software and Salesforce.
London, 16 November 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global PaaS market 2015-2019. One of the major reasons for PaaS adoption is to reduce the capital expenditure (CAPEX) and operational expenditure (OPEX) associated with enterprise infrastructures. The pay-per-use model makes the solution feasible for SMEs as they pay only for their required usage. The global PaaS market is expected to grow at a healthy CAGR of 27.31% during the forecast period of 2014-2019.
Currently, the market is witnessing high adoption of PaaS especially by the SME sector. Organizations prefer the PaaS solution over traditional software solution as it provides better options to service requirements at minimal cost. PaaS helps organizations increase efficiency, help complete tasks in less time, save costs, and outsource the services at pay per use basis
“Of late, the cloud PaaS vendors are looking for ways to leverage the cloud hardware, virtualization, and workload management capabilities of cloud computing,” says Faisal Ghaus, Vice President of Technavio Research.
“The PaaS market is witnessing software modularity and loosely coupled application deployment and management.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global PaaS Market 2015-2019, please send an e-mail to media@TechNavio.com
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