PaaS provides a cloud computing platform and a solution stack that allows
developers to create applications and software and test them by utilizing tools
and libraries from the cloud services provider. Compared to Software as a
Service (SaaS) and Infrastructure as a Service (IaaS), PaaS market is small and
slowly picking up and the reason being complexity in adaption and building a
standardized PaaS platform from the scratch is very difficult for
organizations. According to Markets and Markets, Global
Platform-as-a-Service market is
estimated to grow from $1.28 billion in 2013 to $6.94 billion in 2018 at a
compound annual growth rate (CAGR) of 32.54% in this period. In terms of
geographies, North America continues to be the biggest market for PaaS
solutions. Worldwide
platform as a service (PaaS) revenue is on pace to reach $1.2 billion in 2012,
up from $900 million in 2011, according to Gartner, Inc. The market will
experience consistent growth with worldwide PaaS revenue totaling 1.5 billion
in 2013, and growing to $2.9 billion in 2016.
Along with the
large players like Amazon, Google, IBM, etc., small players also emerged in
this segment that made the market more competitive and vibrant with new
products and services are being offered by the cloud services providers. The
need for the businesses to develop new applications, tools and technologies at
a low cost have increased the demand for the developers and also for PaaS
offerings as most of the developers are looking to PaaS to develop and test new
apps and software. Application Development and
Maintenance PaaS (ADM PaaS), Business Process Management PaaS (BPM PaaS),
Application PaaS (aPaaS), Integration PaaS (iPaaS) and Other PaaS are the
segments categorized based on Applications.
According to
Gartner, the largest segments within the PaaS market are cloud application
platform services (aPaaS), accounting for 34.4 percent of total PaaS spending
in 2012; cloud application life cycle management (ALM) services (almPaaS) at 12
percent; cloud BPM platform services (bpmPaaS) at 11.6 percent; and cloud
integration services (iPaaS) at 11.4 percent. Gartner predicts that the
potential spending in PaaS technologies is an average of $360 million per year
from 2011 through 2016. "The
fundamental appeal of PaaS is the opportunity for ISVs (independent software
vendors) and IT organizations to create new software solutions with minimal
capital expense and without the hassle of provisioning and configuring the
underlying infrastructure," said Yefim Natis, distinguished analyst at
Gartner. "Too many SMBs (small or midsize businesses), in addition, PaaS
offers the chance to take advantage of some state of the art enabling
technologies, they otherwise could not afford. Finally, the popularity of SaaS
also drives adoption of PaaS for customization, extension and integration of
the cloud-based applications."
IDC expects 2013
will see an explosion in industry PaaS (public platform as a service) offerings
as the market moves up the software stack and "horizontal" PaaS
becomes commoditized by platforms built on open source-based infrastructure. In
industry PaaS, cloud-based shared services environments are being tailored to
the needs of a specific industry, while additional industry-focused solution
developers are developing and deploying a range of industry-targeted
value-added solutions and services on these platforms. Examples of emerging
industry PaaS include: NYSE Capital Markets Community Platform in financial
services; numerous health information exchanges in healthcare; and Johnson
Controls' Panoptix App Marketplace in smart energy. (Source: IDC predictions
2013: competing on 3rd Platform)
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