AWS, IBM, Microsoft, and Red Hat are readying platforms that incorporate serverless and microservices. The market leaders have invested heavily in ecosystem partnerships to give customers access to more advanced platform services.
In the constantly evolving digital landscape, businesses must embrace new technology to stay ahead. One such technology is Platform-as-a-Service (PaaS), which has become essential for modern businesses. PaaS is a cloud-based platform allowing businesses to create applications, test, and deploy their apps quickly and efficiently without costly hardware or infrastructure.
According to research by market research that was conducted, the market for the global PaaS market is predicted to increase by US$55.94 billion as of 2022 and US$61.42 billion by 2023. This is the compound annual growth rate (CAGR) in the range of 9.8 percent.
PaaS Providers are leading the charge in innovation
This growth is due to the rapid evolution of the PaaS market, which utilizes cutting-edge technologies such as integration/API, intelligent automation, observability/FinOps, and AI/ML, including generative AI chatbots like ChatGPT, to modernize new and existing applications.
What is PaaS?
PaaS stands for Platform as a Service, and it is an online computing model that provides developers with an accessible platform to build, deploy and maintain their applications.
PaaS allows developers to focus on writing code without worrying about the underlying infrastructure.
The PaaS provider manages the operating system, server software, and hardware so developers can focus on their application’s functionality and user interface.
PaaS offers services such as application hosting and database management, integration with third-party applications, and continuous integration and deployment tools.
PaaS can be utilized for creating and deploying web applications, mobile apps, and other software programs.
Benefits of PaaS
One of the most significant advantages of PaaS is that it lets businesses concentrate on their core business without worrying about the technology infrastructure.
In taking care of the technical aspects of creation and implementation, PaaS allows businesses to concentrate on developing applications that drive their development.
Another benefit that comes with PaaS is its adaptability. PaaS allows companies to modify their development environments to meet requirements, allowing developers to create applications tailored to their specific needs.
This flexibility lets businesses adapt quickly to changes in market requirements and remain ahead of the pack.
PaaS is a compelling technology that allows companies to develop and innovate rapidly and effectively.
With the help of PaaS, companies can benefit from modern technological advancements and concentrate on creating applications that satisfy their particular requirements, decrease expenses, and improve the efficiency of their operations.
AWS, IBM, Microsoft, and Red Hat: Top PaaS providers
Based on GlobalData, AWS, IBM, Microsoft, and Red Hat are the most well-positioned to thrive in the cloud-based age.
These leaders are offering platforms with microservices and serverless architectures, low-code enabled intelligent automation platforms, and infrastructure-as-code tools to speed up app development/deployment and operational efficiencies.
Dunlap adds, “Platforms enable operational automation by using cluster management software to ease an efficient Kubernetes maintenance of the lifecycle across various environments, including hybrid, edge multi-cloud, and edge.
ChatGPT has already had an immediate impact on developers, specifically those with a newer level of programming, because it eliminates the need for baseline programming and speeding up the digitalization process.”
For instance, among other essential cloud providers, such as AWS and Azure, IBM provides various IaaS and PaaS options.
IBM Cloud provides two main PaaS choices: IBM Red Hat OpenShift on IBM Cloud and IBM Cloud Pak for Applications. The latter is perfect for cloud-native apps and lets users provide and expand workloads and automate the updating process.
Through Red Hat OpenShift, IBM can deploy highly available, well-managed clusters using just a single click. However, IBM Cloud Pak for Applications is designed to help companies modernize their applications.
The top players in this market invest heavily in partnerships with ecosystems that give customers access to the latest platform services.
They are showing solid strategies about the lifecycle of platforms and applications (APLM) strategies, leading in promoting cutting-edge technologies through OSS and AI-infused services that help assist intelligent applications like ML and NLP.
“Application platform vendors are challenged to take on public cloud leaders Microsoft, Amazon, and Google,” Dunlap added. Dunlap.
“As such, they have made a concerted effort to build out ecosystems with those providers while continuing to differentiate through a comprehensive cloud stack which, alongside mature integration, API management, and analytics portfolios, includes infrastructure management capabilities (e.g., APLM) to ease app deployment.”
Technology advancements that are low-code coupled with the global IT shortage of skilled workers drive the need for AI-infused solutions that enable a greater involvement in digital transformation efforts in the DevOps model.
This development is in response to businesses need to prioritize DevOps methods by using an influx of new technological advancements for developers that significantly eliminate barriers to developing the latest applications.
Dunlap predicts that technological advances will cause companies to prioritize DevOps techniques by adopting new technologies for developers that can significantly remove obstacles to deploying modern applications.