Platform as a Service Market Witnessing Increase in Hybrid Approach to Cloud Solutions23 Sep 2011 • by Natalie Aster
The research “Global PaaS Market 2010-2014” by Infiniti Research reveals that the Platform as a Service (PaaS) market is expected to grow at a CAGR of 26 percent. The report, which focuses on North America and the EMEA region, indicates that the market is currently being driven by the need for a faster response to business requirements.
“Today’s business environment is very dynamic and hence there is a growing demand for flexible IT service infrastructure. The cloud-based application development model enables organizations to rapidly build, deploy, and manage enterprise applications. It also enables customization of the solution to meet unique business needs. Hence, the ability to adapt enterprise applications much faster to the changing business needs is driving the Global PaaS market,” reports a TechNavio analyst.
In spite of the demand for PaaS solutions, growing concerns about data security are hindering the growth of this market. However, the need to reduce overall IT cost is expected to drive this market. Moreover, the Global PaaS market is witnessing a growing number of hybrid cloud solutions.
Published: July 2011
Price: US$ 1,500.00
These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.
Companies and platforms mentioned in this report include: Amazon (Amazon EC2), Salesforce.com (Force.com), Microsoft (Microsoft Azure), Google (Google AppEngine), and IBM (IBM Smart Cloud).
More information can be found in the report “Global PaaS Market 2010-2014” by Infiniti Research.
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