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Platform-as-a-Service Market to be Worth $227.5 Billion by 2030

The increasing penetration of Artificial Intelligence (AI) and Machine Learning (ML) technologies and the growing demand for video PaaS are expected to create growth opportunities for the stakeholders in this market. However, cloud migration and vendor lock-in are major challenges for market growth.

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Platform-as-a-Service Market to be Worth $227.5 Billion by 2030

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  1. Top 10 Companies in Platform-as-a-Service Market

  2. Global Platform-as-a-Service Market– 2023-2030 The Platform-as-a-Service (PaaS) market is projected to reach USD 227.5 billion by 2030, growing at a CAGR of 16.8% from 2023 to 2030. The growth of the PaaS market is driven by the increasing adoption of cloud computing technology, the growing implementation of IoT technology, and the rising need to reduce time to market and application development costs. However, data security and privacy concerns restrain the growth of this market. The increasing penetration of Artificial Intelligence (AI) and Machine Learning (ML) technologies and the growing demand for video PaaS are expected to create growth opportunities for stakeholders in this market. However, cloud migration and vendor lock-in remain significant challenges. Read Full Blog: https://meticulousblog.org/top-10-companies-in-platform-as-a- service-market Top 10 Companies in the Platform-as-a-Service Market 1. Amazon Web Services, Inc. (Amazon.com, Inc.) Founded in 1994 and headquartered in Washington, U.S., Amazon Web Services (AWS) is a multinational technology company. AWS provides a global cloud infrastructure that allows customers to innovate, experiment, iterate, and deploy new applications quickly, scaling up and down based on demand. AWS operates through two business segments: Product and Service, with the latter including AWS sales, advertising services, and Amazon Prime membership fees. 2. Microsoft Corporation Founded in 1975 and headquartered in Washington, U.S., Microsoft Corporation provides software products such as Internet Explorer, Microsoft Windows OS, and the Microsoft Office Suite. Through its Intelligent Cloud segment, Microsoft offers server products and cloud services, including Azure, SQL Server, and GitHub. This segment also includes Enterprise Services like Microsoft Consulting Services and Nuance professional services. 3. Google LLC (Alphabet, Inc.) Founded in 1998 and headquartered in California, U.S., Google LLC provides search, advertising services, operating systems, and cloud services. Google operates in the PaaS market through the Google Cloud segment, offering infrastructure and platform services, collaboration tools, and enterprise services. This segment generates revenues from Google Cloud Platform services and Google Workspace tools. 4. SAP SE Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

  3. Global Platform-as-a-Service Market– 2023-2030 Founded in 1999 and headquartered in Walldorf, Germany, SAP SE is a multinational technology company engaged in enterprise application software and software-related services. SAP offers a wide range of solutions, including enterprise resource planning, financial management, intelligent technologies, and digital platforms. The company operates through two business segments: Cloud & Software and Services. 5. Oracle Corporation Founded in 1977 and headquartered in Texas, U.S., Oracle Corporation provides products and services such as enterprise applications and infrastructure offerings. Oracle operates through three business segments: Cloud & License, Hardware, and Services, offering customers access to Oracle Cloud applications and infrastructure technologies via cloud- based deployment models. 6. IBM Corporation Founded in 1911 and headquartered in New York, U.S., IBM Corporation offers software, hardware, consulting, and financial services. IBM operates through five business segments: Software, Consulting, Infrastructure, Financing, and Other. The company's portfolio includes analytics, AI, automation, blockchain, cloud computing, IT infrastructure, IT management, cybersecurity, and software development products. 7. Salesforce, Inc. Founded in 1999 and headquartered in California, U.S., Salesforce offers a specialized customer relationship management platform, Customer 360, that integrates marketing, sales, commerce, service, and IT teams. Salesforce operates through two business segments: Subscription & Support and Professional Services & Other. 8. Cisco Systems, Inc. Founded in 1984 and headquartered in California, U.S., Cisco Systems designs, manufactures, and sells Internet Protocol-based networking products and services. Cisco operates through two business segments: Product and Service. The Service segment includes cloud services like PaaS. 9. Alibaba Group Holding Limited Founded in 1999 and headquartered in Hangzhou, China, Alibaba Group Holding Limited operates through seven business segments, including Cloud, which offers cloud computing and AI services to enterprises, developers, and government organizations in over 200 countries and regions. 10. VMware, Inc. (EMC Corporation) Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

  4. Global Platform-as-a-Service Market– 2023-2030 Founded in 1998 and headquartered in California, U.S., VMware, Inc. provides cloud management products like vRealize Cloud Management and technology solutions such as VMware Tanzu and vSphere. VMware operates through two business segments: License, Subscription and SaaS, and Services. Download Sample copy for the same: https://www.meticulousresearch.com/download- sample-report/cp_id=5444 Authoritative Research on the PaaS Market Meticulous Research® has published an in-depth report on the Platform-as-a-Service Market, projecting a 16.8% growth during the forecast years 2023-2029. The comprehensive report covers recent financial performance, key products, significant company strategies, partnerships, and acquisitions. It provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends. For more detailed information, you can refer to Meticulous Research®’s new report which covers these companies extensively, offering deeper insights into their operations and strategies. Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com

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