Platform as a Service - United States

Revenue in the Platform as a Service market is projected to reach US$91.02bn in 2024.
0.0 dominates the market with a projected market volume of 0.0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.25%, resulting in a market volume of US$201.70bn by 2029.
In global comparison, most revenue will be generated United States (US$91.02bn in 2024).

Definition:

Platform as a Service (PaaS) refers to the type of public cloud service that provides a ready-to-use platform and environment for developers to build, deploy, and manage applications. PaaS offers tools, frameworks, and services that streamline the development process, thus eliminating the need to manage the underlying infrastructure. It allows developers to focus on the tasks of writing code and creating applications without worrying about server setup or maintenance. The PaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Google App Engine.

Additional Information:

The Platform as a Service (PaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players of the PaaS market include companies such as Amazon (Amazon web services), Microsoft (Azure), Google (App Engine), and IBM (Cloud).

For more information on the data displayed, use the info button right next to the boxes.

Application development, such as Microsoft Azure App Service, Google App Engine, and AWS Elastic Beanstalk
Debugging processes, such as Microsoft Azure Monitor and AWS X-Ray
Testing, such as Google Cloud Flood, Distributed Load Testing on AWS, and Microsoft Azure Load Testing
Deployment tools, such as Microsoft Azure Deployment Environments and AWS CodeDeploy

Infrastructure-as-a-Service (IaaS), such as Amazon Elastic Compute Cloud (EC2), Azure IaaS, Google Compute Engine (GCE), Alibaba Cloud ECS, and Oracle Cloud Infrastructure
Software-as-a-Service (SaaS), such as Microsoft 365, Salesforce, Google Workspace, and Zoom
Business-Process-as-a-Service (BPaaS), such as payroll management and accounting solutions via ADP Workforce Now, Intuit QuickBooks Online, Workday, and Oracle NetSuite

The Platform as a Service Market in the Public Cloud Market in the US is experiencing substantial growth, driven by factors such as increasing demand for digital services, growing awareness of the benefits of cloud computing, and the ease of accessing online platforms. This growth rate is influenced by the increasing adoption of digital technologies and the convenience offered by PaaS solutions.

Customer preferences: As businesses continue to prioritize flexibility and scalability, the Platform as a Service Market within the Public Cloud Market is experiencing a surge in demand. This trend is driven by a growing preference for cloud-based solutions that offer cost-effective and efficient ways to develop and deploy applications. Additionally, the rise of remote work and the need for virtual collaboration tools have also contributed to the increased adoption of Platform as a Service, making it a vital component of the public cloud market.

Trends in the market: In the United States, the Platform as a Service Market within the Public Cloud Market is experiencing a shift towards serverless computing, allowing companies to focus on developing applications without worrying about managing infrastructure. This trend is driven by the need for cost efficiency and scalability in the rapidly growing cloud market. Additionally, there is a rise in the adoption of DevOps practices, which integrate development and operations teams to improve software delivery and deployment. These trends have significant implications for industry stakeholders, as they enable faster and more efficient application development, leading to increased productivity and competitive advantage. However, there may also be concerns about security and data privacy in this model, which industry stakeholders must address to fully reap the benefits of these trends.

Local special circumstances: In the United States, the Platform as a Service Market within the Public Cloud Market is heavily influenced by the country's strong tech industry and high adoption rates of cloud computing. This has led to a competitive market, with major players like Amazon Web Services, Microsoft, and Google dominating the space. Additionally, the country's strict data privacy regulations and increasing concerns over cybersecurity have also shaped the market, with companies offering robust security features and compliance measures to attract customers.

Underlying macroeconomic factors: The growth of the Platform as a Service Market within the Public Cloud Market in the United States is heavily influenced by macroeconomic factors such as technological advancements, government support for cloud computing, and investment in digital infrastructure. The country's strong economic health and favorable regulatory environment have contributed to the rapid adoption of PaaS solutions by businesses of all sizes. Additionally, the ongoing trend of digital transformation across industries is driving the demand for PaaS, as companies seek to modernize their operations and improve efficiency. The increasing number of mobile and internet users in the US is also a key factor supporting the growth of the PaaS market within the public cloud market.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.