Showing posts with label Platform as a Service Market. Show all posts
Showing posts with label Platform as a Service Market. Show all posts

Friday, 14 February 2014

Platform as a service (Cloud Computing Services) Market Forecasts

Cloud Computing :


Cloud computing simply means sharing computing resources over the network. Cloud computing means the ability to run an application over many connected computers at the same time. In cloud computing, the word cloud (also phrased as "the cloud") is used as a metaphor for "the Internet," so the phrase cloud computing means "a type of Internet-based computing," where different services -- such as servers, storage and applications -- are delivered to an organization's computers and devices through the Internet.

Platform As A Service :

Platform as a Service (PaaS) is a process by which a user can rent a hardware, an operating systems, a storage or a network capacity over the Internet.The service delivery model allows the customer to rent virtualized servers and associated services for running existing applications or developing and testing new ones.

some of the features that can be included with a PaaS offering are as under :
  • Operating system
  • Server-side scripting environment
  • Database management system
  • Server Software
  • Support
  • Storage
  • Network access
  • Tools for design and development
  • Hosting

Market Overview Of Platform As A Service :

The global market for PaaS is expected to experience high growth in the near future as companies look to cut the infrastructure costs and speed up the application development.Though PaaS market is not as huge as IaaS and SaaS which are the other two types in cloud computing, the proportion of this market is very significant. This trend has been adopted by most of the traditional cloud computing and IT solution providers in the market like Amazon, Google, IBM etc.
The global PaaS 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. 

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