Enterprise High-Productivity Application Platform as a Service Market Research Report - Global Forecast to 2027

Global Enterprise High-Productivity Application Platform As A Service Market Research Report: By Component (Software and Services), By Deployment (Application Platform-As-A-Service and On-premise), By Organization Size (SMEs and Large Enterprises), By Vertical (BFSI, Government and Public Sector, Healthcare & Life Sciences, IT & Telecommunication, Consumer Goods & Retail, Education and Others) - Forecast till 2027

ID: MRFR/ICT/8102-CR | April 2020 | Region: Global | 152 pages

Please note that the assessment period of report has been updated from 2019-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Analysis 


Enterprise High-Productivity Application (PaaS) Platform as a Service Market will touch USD 88, 9162 Million at a stellar 41.16% CAGR between 2019- 2025, reveals the current Market Research Future report. The strong growth is due to the burgeoning demand for customer engagement. 


COVID-19 Analysis 


The on-going COVID-19 outbreak has cast its spell on numerous industries, which also includes the enterprise high-productivity application platform as a service market. Owing to the spread of this virus, businesses had been shut down, and there was a halt in manufacturing industries too. Besides, there has also been a gap between demand and supply. All this happened due to the government imposed lockdowns and physical distancing trends. Companies have decreased their investments in the latest technologies during the crisis chiefly on account of the unavailability of the workforce and low return of investment (ROI). The need for enterprise high productivity application PaaS solutions is falling owing to the novel coronavirus. But this is likely to increase over the forecast period for changing business policies coupled with the adoption of advanced production technologies for expanding businesses. This may have a positive impact on the application platform as a service market growth in the future. 


Market Dynamics 



  • Drivers 


Need for Custom-Built Enterprise Platform to Offer Robust Opportunities 


The growing demand for a custom-built enterprise platform to improve productivity is likely to bolster market growth during the forecast period. The rising need for an enterprise platform that helps to develop quick products within a brief time period may boost the market growth.


Additional factors adding to the app platform as a service market include the need for efficient business processes among enterprises, integration of various digital transformation and functions that drive efficiency in cloud technologies and applications for enterprises, need for high-productivity development, growing demand for hpapaas for the efficiency and flexibility in solutions offered by the cloud, alluring features of high productivity app dev platforms such as one-click deployment to the private cloud, public cloud, or on-premise, the reusable app component for various projects, feedback loops, and social collaboration tools leading to its increased adoption, and increase in digitalization.



  • Opportunities


Use of Customized Application 


The use of the customized application in the production process in various industry verticals will offer robust opportunities to industry players in the days ahead.



  • Restraints


Scarcity of Skilled Workforce to Act as a Market Restraint 


The scarcity of skilled workforce to use all the features as well as applications of platforms for business planning along with implantation of strategies may act as a market restraint.



  • Challenges 


Soaring Cost to Act as a Market Challenge 


The soaring price of enterprise high productivity platform, which cannot be afforded by small & medium-size enterprises, may act as a market challenge for players in the future.


Market Segmentation


Global Enterprise High-Productivity Application (PaaS) Platform as a Service Market is bifurcated based on Vertical, Organization Size, Deployment, and Component.


Services Segment to Lead Enterprise High Productivity Application Platform as a Service Market 


By component, the global enterprise high-productivity application platform as a service market is segmented into services and software. Of these, the services segment will lead the market over the forecast period.


On-Premise Segment to Dominate Enterprise High Productivity Application Platform as a Service Market


By deployment, the global enterprise high-productivity application platform as a service market is segmented into on-premise and platform-as-a-service. Of these, the on-premise segment will dominate the market over the forecast period.


Large Enterprises Segment to Spearhead Enterprise High Productivity Application Platform as a Service Market


By organization size, the global enterprise high-productivity application platform as a service market is segmented into large enterprises and SMEs. Of these, the large enterprises segment will spearhead the market over the forecast period.


BFSI Segment to Have Lions Share in Enterprise High Productivity Application Platform as a Service Market


By vertical, the global enterprise high-productivity application platform as a service market is segmented into education, consumer goods and retail, IT and telecommunications, healthcare and life sciences, government and public sector, BFSI, and others. Of these, the BFSI segment will have the lions share in the market over the forecast period.


Regional Analysis


North America to Command Largest Share in Enterprise High Productivity Application Platform as a Service Market 


Geographically, the global enterprise high-productivity application platform as a service market is segmented into Europe, North America, the Asia Pacific, South America, & the Middle East and Africa. Of these, North America will command the largest share in the market over the forecast period. Advances in digital technologies, growing adoption of mobile-based and web-based applications by various verticals like IT, retail, and the BFSI, increasing demand for automated software, the presence of major vendors, and the presence of the largest number of market disruptors and technology innovators are adding to the market growth in the region. Besides, the highest adoption of such platforms in the US, various companies focusing on improving custom built applications, seamless integration, agility, easy deployment, and built-in security, and increasing adoption of advanced enterprise production tools and software by companies to use assets and also implement better strategies to expand the business are also adding market growth.


APAC to Grow at Fastest Pace 


The enterprise high-productivity application (PaaS) platform as a service market in the APAC region will grow at the fastest rate and at a 43.56% CAGR by 2025. Growing demand for a platform as a service, growing need to mitigate from simple back-end functions to core business processes, high potential in India and China, growing investments in technologies of ERP and CRM, booming IT market due to growing adoption of CRM software that has turned into the backbone system for several retailing companies, and rising investments by industry leaders to offer enterprise software solutions are adding to the global enterprise high-productivity application platform as a service market share in the region.


Competitive Landscape 


The global enterprise high-productivity application (PaaS) platform as a service market is highly competitive and fragmented in nature due to the presence of several key players. These key players have encompassed numerous strategies to remain ahead in the competition as well as suffice the burgeoning needs of customers, such as new product launches, mergers and acquisitions, extensive R&D, and others.


Key Players 


Prominent players profiled in the global enterprise high-productivity application platform as a service market report include WePay, Shift4 payments, Bluefin Payments, Kony, Inc., Pegasystems Inc., Salesforce.com, Inc., Oracle Corporation, Microsoft Corporation, ProntoForms Corporation, K2, Creatio, AgilePoint Inc., Betty Blocks, Kintone, Appian Corporation, Mendix Tech BV, Outsystems, Quick Base, and others


Recent Developments 



  • January 2021- Oracle has released its Apex PaaS (platform as a service) solution to help developers build data-driven enterprise applications. 


Report Scope 


The enterprise high-productivity application (PaaS) platform as a service market report by Market Research Future throws light on the current trends and niches in the industry. The report also lays emphasis on the various market drivers, opportunities, market restraints, and challenges, as well as offers insights for the forecast period. It also throws light on the different market segments for a comprehensive understanding of the reader.


By Component 



  • Software 

  • Services 


By Deployment 



  • Platform-as-a-service 

  • On-premise


Organization Size 



  • Small and Medium Enterprises 

  • Large Enterprises


By Vertical 



  • BFSI

  • Government and Public Sector 

  • Healthcare and Life Sciences 

  • IT and Telecommunications

  • Consumer Goods and Retail

  • Education 

  • Others


By Region 



  • North America

  • Europe

  • The Asia Pacific (APAC)

  • South America 

  • The Middle East and Africa (MEA)



Frequently Asked Questions (FAQ) :


The Global Enterprise High-Productivity Application Platform as a Service Market is forecasted to grow during the period of 2019 to 2025.

As per the study, the expected CAGR for the Global Enterprise High-Productivity Application Platform as a Service Market is 41.16%.

North America leads the global enterprise high-productivity application platform as a service market attributing to the ongoing advancements in digital technologies and high adoption rates of web-based and mobile-based applications BFSI, retail, as well as IT verticals.

AgilePoint Inc., Betty Blocks, K2, Creatio, ProntoForms Corporation are the top players listed in the study of Global Enterprise High-Productivity Application Platform as a Service Market.

Europe, Middle East & Africa, Asia-Pacific, and South America are the regions showing high market share for Enterprise High-Productivity Application Platform as a Service, globally.