Public Cloud Platform as a Service Market: A Comprehensive Overview of Market Trends, Key Players, and Future Opportunities, as Revealed by a Recent Market Study

The global public cloud platform as a service market is expected to reach US$ 460 billion by 2030, with an annual growth rate of more than 5.4%.

Wilmington, Delaware, Nov. 28, 2023 (GLOBE NEWSWIRE) — According to

Global Public Cloud Platform as a Service Market: Segmental and Market Share Analysis

• On the basis of application, BFSI segment accounted for the largest market share with over 25% in terms of revenue owing to the adoption of cloud services for storage and management of customer data.

Report Synopsis

Report Metrics	Details
Base Year	2023
Forecast Period	2023-2030
Base Year Market Size	US$ 318.3 billion
Market Size Forecast	US$ 460 billion
Growth Rate	5.4%
Dominant Segment	BFSI
Dominant Region	North America
Key Market Drivers	Global accessibility Focus on application development Cost efficiency
Companies Profiled	Amazon Microsoft IBM Google Oracle SAP SE Zoho Corporation ServiceNow VMware

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global public cloud platform as a service market include.

• In June 2023, Amazon Web Services Inc. unveiled the AWS generative AI innovation hub, a new endeavor to assist clients in effectively building generative AI solutions. This will connect its machine learning and AI experts with global clients to help with the development, creation, and launch of new AI products.

Some of the prominent players and suppliers operating and contributing significantly to the global Public Cloud Platform as a Service market growth include Amazon, Microsoft, IBM, Google, Oracle, SAP SE, Zoho Corporation, ServiceNow, and VMware, among others.

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RationalStat has segmented the global Public Cloud Platform as a Service market based on type, application and region

• Global Public Cloud Platform as a Service Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Type
  • Application PaaS (aPaaS)
  • Integration PaaS (iPaaS)
  • Database PaaS (dbPaaS)
  • Others
• Global Public Cloud Platform as a Service Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Application
  • BFSI
  • Consumer goods and retail
  • Telecommunication
  • IT and ITeS
  • Others
• Global Public Cloud Platform as a Service Market Value (US$ Million), Volume (Units) and Market Share (2019-2030) Analysis by Region
  • North America Public Cloud Platform as a Service Market Value (US$ Million), Market Volume (Units), and Market Share (2019-2030) Analysis by Country
    • US
    • Canada
  • Latin America Public Cloud Platform as a Service Market Value (US$ Million), Market Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Public Cloud Platform as a Service Market Value (US$ Million), Market Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Public Cloud Platform as a Service Market Value (US$ Million), Market Volume (Units), and Market Share (2019-2030) Analysis by Country
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Public Cloud Platform as a Service Market Value (US$ Million), Market Volume (Units), and Market Share (2019-2030) Analysis by Country
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Public Cloud Platform as a Service Market Value (US$ Million), Market Volume (Units), and Market Share (2019-2030) Analysis by Country
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Public Cloud Platform as a Service Report:

• What will be the market value of the global Public Cloud Platform as a Service market by 2030?
• What is the market size of the global Public Cloud Platform as a Service market?
• What are the market drivers of the global Public Cloud Platform as a Service market?
• What are the key trends in the global Public Cloud Platform as a Service market?
• Which is the leading region in the global Public Cloud Platform as a Service market?
• What are the major companies operating in the global Public Cloud Platform as a Service market?
• What are the market shares by key segments in the global Public Cloud Platform as a Service market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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