A brief review of Platform as a Service (PaaS)

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Platform as a Service (PaaS) solutions deal with modern business requirements and significantly reduce the costs and complexities of buying, installing, and managing in-house hardware and software. This article discusses Platform as a Service with applications, its importance, and market value.

What is Platform as a Service?

Computer vision can be divided into three basic c​Platform as a Service (PaaS) is a cloud computing model where third parties deliver hardware and software tools to users over the Internet. PaaS provides a platform for customers to develop, run and manage applications without building and maintaining the cloud platform required to create and launch applications. The industry is always changing and updating. The key advantage of the PaaS model is that users can access hardware and software to develop and run applications without having to purchase, install and maintain infrastructure. 

“Organizationally… there are massive silos across the board when you look at networking, storage and compute and up the stack, and then where does security fit in? It’s not just like, “oh, I can use a PaaS platform and it’s magic.” There’s all of this underlying stuff that has to go into it and people don’t recognize that.” — Lauren Cooney, Ciscoategories:

Why are Platform as a Service​ Important?

A major benefit of a Platform as a Service is its ability to improve a developer’s productivity. PaaS provides direct support for business agility by enabling faster development with faster and more frequent delivery of functionality. The services distinguished public cloud providers from private cloud providers. 

PaaS takes care of all your deployment processes and ensures high availability, load balancing, scaling, monitoring, performance (in terms of servers), logging, and so on. Such expertise requires you to hire a full-time cloud administrator. But using any of the PaaS solutions, you can take care of the server through an interactive and highly documented console.

“VM’s are the icebreaker for containers. People got used to running on virtualized hardware… and because of that containers can say, “We’re going to run multi-tenant on your machine” and you say, “ok.” Oh, and you’re going to be lighter weight than a VM? Awesome. I’m all about containers now.” — Steven Pousty, Red Hat. 

How are growing global Platform as a Service markets?

According to Grand View Research, the global Platform as a Service (PaaS) market value was USD 74.55 billion in 2022. It is expected to reach USD 206.30 billion by 2028, registering a compound annual growth rate of 38.8% from 2023 to 2028, a historical period from 2017 to 2020 [1].

Popular tech companies launch new strategies more frequently to stay head-on in the market and focus on increasing investments in the advancement of cloud services to increase the customer base. Key companies leading the global PaaS industry may include Amazon Web Services Inc., Microsoft Corp., Alibaba Cloud, IBM Corp., Google LLC, Salesforce, Oracle Corp., SAP SE, Zoho Corp., and Vmware Inc.

“If you’re an application developer you should be playing with PaaS now. (Organizations) are doing your developers a disservice if they’re not playing with PaaS.” — Steven Pousty

TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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