IaaS and PaaS Market Likely to be Dominated by North America due to Glut of Tech Giants

Published Date : Jul 17, 2017

Albany, New York, July 17, 2017: MarketResearchReports.biz announces the addition of a new report to its growing online market intelligence repository. The report examines the global IaaS (infrastructure as a service) and PaaS (platform as a service) market’s dynamics from various perspectives and presents readers with a comprehensive picture of the market. Regional and competitive dynamics as well as the hierarchy of the IaaS and PaaS market are elaborated upon in the report. The report is titled ‘2017-2022 IaaS & PaaS Report on Global and United States Market, Status and Forecast, by Players, Types and Applications.’

The IaaS and PaaS market has risen to the fore following widespread adoption of cloud computing in a number of industries. The rising competition in the corporate sector and the rapid growth of the cloud computing market has led to promising growth prospects for the IaaS and PaaS market. The various factors affecting the growth of the IaaS and PaaS market both positively and negatively are addressed in the report.

Regionally, the report looks into the performance of the IaaS and PaaS market in North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America is the leading consumer in the global IaaS and PaaS market and is likely to retain its position in the coming years due to the steady dominance of American players in the technology sector. This has led to steady adoption of technological advancements in North America, making steady growth of the IaaS and PaaS market likely in the region in the coming years. The rising use of IoT and smart manufacturing technology in North America is also likely to drive demand from the North America IaaS and PaaS market.

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Nevertheless, Asia Pacific is likely to play a major role in the development of the global IaaS and PaaS market in the coming years due to the rapid industrialization in dynamic emerging countries such as China and India. Unlike the North American industrial sector, the emergent industrial sector in these countries has found advances such as IaaS and PaaS too expensive on occasion. The lack of a superior technological infrastructure in these countries has also been a hindrance for the IaaS and PaaS market in these regions. However, rapid industrialization, aided by the consistent urbanization in these regions, is likely to remain a key driver for the global IaaS and PaaS market in the coming years.

The steady growth of the healthcare sector in developed as well as developing regions has been vital for the global IaaS and PaaS market, as several key applications of IaaS, PaaS, and SaaS technology lie in the healthcare sector. Application sectors such as EMR, PACS, RCM, CPOE, and claims management are likely to be vital for the global IaaS and PaaS market’s growth in the coming years, making the healthcare sector a highly influential contributor for the market.

The report profiles leading players in the global IaaS and PaaS market by assessing the product catalogs of the companies and their manufacturing base. Key IaaS and PaaS market players examined in the report include Google, Microsoft, IBM, Rackspace, Salesforce, and Oracle.

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