Application Platform as a Service Market To Observe Exponential Growth By 2030

Application Platform as a Service Market: Snapshot

Since its advent in 2005, the application platform as a service sector has transformed the entire landscape of cloud services. With modest beginnings, nearly a decade and a half ago, it has certainly made tremendous advancements that cater to a large pool of end-users across the globe. Banking on these prospects, the global application platform as a service market may gain substantial growth between 2020 and 2030.

Application platform as a service (aPaaS) is a cloud service that provides deployment and development environments for application services. This cloud service offers numerous benefits such as smooth integration of applications with other services, hassle-free application management without building and maintaining the infrastructure, and others. These benefits make them one of the preferred services among a wide range of end-users.

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Often, PaaS and aPaaS are regarded as interchangeable but the major difference between the two is that PaaS refers to the entire range of middleware as service offerings while aPaaS specifically refers to services that cater to application development and installation.

This report on the application platform as a service market provides information to the stakeholder through the R.O.C.K (Regional Prospects. Overview. Competitive Dimensions. Key Trends) mechanism. This mechanism covers all the major prospects that are growth-worthy for the application platform as a service market and helps the stakeholder to gain rock-solid insights. The report also offers insights into the COVID-19 impact on the application platform as a service market.

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Application Platform as a Service Market: Competitive Prospects

A diverse range of competitors places the application platform as a service market in the highly fragmented category. Tremendous competition is observed among the players across the application platform as a service market landscape. The players try to develop cloud services that run web apps created by using different languages such as .Net, Node.js, PHP, Java, and Python.

Well-established service providers like Google also offer superior-grade firewall capabilities to protect the applications. Partnerships and collaborations with major cloud-based integrators are also helping the players to magnify their presence. Some well-entrenched players in the application platform as a service market are Microsoft Corporation, Red Hat Inc., IBM Corporation, SAP SE, and Engine Yard Inc.

Application Platform as a Service Market: Novel Launches

A plethora of novel launches by players in the application platform as a service market take place consistently. These launches bring upgraded features and advantages that offer an extra layer of convenience to the user. Here are some of the recent launches.

  • Google Cloud recently released a major update for its multi-cloud application platform Anthos and also a new app modernization program
  • Nutanix recently launched Karbon Platform Services to propel container-based application delivery and operations on any cloud

Application Platform as a Service Market: Public and Private Cloud

The application platform as a service market offers private and public cloud services. Private cloud infrastructure is solely built for a single organization whereas a public cloud infrastructure is open and available for any user. While both categories have their own merits and demerits, public cloud infrastructure is gaining more momentum. Hence, the public cloud infrastructure is prophesied to garner more growth as compared to the private cloud.

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Application Platform as a Service Market: Regional Prospects

North America may help in bolstering the growth rate of the application platform as a service market greatly due to the emergence of novel players and the growing influence of app use among a large number of organizations and individuals. Asia Pacific may also gain an upper hand in the growth of the application platform as a service market due to the rapid growth of IT infrastructure across countries like India, China, and Philippines.

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