Lionel Sujay Vailshery
Research expert covering the consumer electronics industry
Get in touch with us nowWhat does the PaaS model include?
In the PaaS model, the customer essentially buys everything they need to build an application from a cloud provider. Next to the services included in the IaaS model, such as virtualization, servers, storage, and networking, the PaaS model includes runtime, middleware, and operating systems. PaaS customers can focus solely on developing applications and managing data while the service provider owns, operates, and maintains the infrastructure. In addition to decreasing the need for infrastructure management, PaaS solutions eliminate or automate maintenance tasks, allowing businesses to adopt new offerings and required technologies.Global market forecast to grow
The overall cloud computing market is forecast to grow over the next few years despite a slight decline in 2021 and 2022. At the same time, the global market for public cloud services is expected to exceed 490 billion U.S. dollars in 2022. While PaaS accounts for about 20 percent of the overall cloud services market, the SaaS segment dominates most of it. In 2022, the public cloud PaaS market surpassed 100 billion U.S. dollars in revenue.Major players in PaaS are Microsoft, Amazon, Google, and IBM
Microsoft Azure, Amazon Web Services, IBM Cloud, and Google Cloud Platform are the major players in the global PaaS market. Together, Microsoft and Amazon make up more than 80 percent of the global IaaS and PaaS market. Recent surveys indicate that many users are already running applications on, are experimenting with, or are planning to use platforms by these service providers. Other players in the market include Alibaba, Salesforce, Oracle, and Rackspace.
