The global revenue of this industry is the cumulative revenue of all the companies engaged in providing any of the above services. There are four different types of PaaS which can be classified as computing platforms, web applications, business application and social applications.
Revenue in the market is generated by the companies by way of subscriptions and licenses from web/software developers or other business households. PaaS is a cloud computing model that provides a platform to the customers to develop, run and manage applications over the internet. The Platform as a Service (PaaS) market consists of sales from cloud-based platform services. The market is expected to reach $88.11 billion in 2025 at a CAGR of 13%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. Major players in the Platform as a Service (PaaS) market are Amazon web service, Salesforce Platform, IBM Cloud Foundry, Microsoft Azure and Google Cloud Function. It traces the market's historic and forecast market growth by geography. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. The global platform as a service (paas) market is expected to grow from $47.29 billion in 2020 to $54.09 billion in 2021 at a compound annual growth rate (CAGR) of 14.4%. “Ultimately this saves them time, money and resources as they are able to engage earlier in the procurement process and future proof their opportunity pipeline.Dublin, J(GLOBE NEWSWIRE) - The "Platform as a service (PaaS) Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to 's offering. Is your infrastructure keeping up with your growth?Ĭhris Barre, product owner at BiP Solutions, added: “HCI uses advanced machine learning and artificial intelligence to tailor healthcare tender opportunities results to our customers specific needs. “It is a proud moment to see all our development work come to fruition and the business grow to what it is today connecting suppliers with the health sector at such a critical time in its history.” “By surfacing more opportunities than ever before, we believe HCI will enable this investment to be accessed by a far wider supply base, providing buyers with a greater choice of innovative and high-value products and services. “HCI is a hugely exciting product for us, especially when NHS spending is increasing dramatically both in response to the Covid-19 pandemic and the long-term commitment to invest more in healthcare, as outlined in the Government’s recent Spending Review,” said Simon Burges. The platform uses a ground-breaking AI to increase search relevance, boosting the visibility of current and future tender opportunities across the entire healthcare sector.Īnd it is being hailed as an ‘indispensable tool’ for ambitious healthcare suppliers with a growth mindset. Now the business, which is headed up by his son Simon Burges, is making a foray into artificial intelligence with the launch of Health Contracts International (HCI).Īs a next generation business intelligence platform, HCI helps suppliers increase their share of more than £36bn in promised UK healthcare spend.ĭeveloped by procurement, research, and technology experts at BiP Solutions, HCI allows suppliers to stay one step ahead of their competition in the complex and fast-growing healthcare market. With a client base of hundreds of UK public sector organisations BiP Solutions works with the likes of the Crown Commercial Service, Ministry of Defence, NHS, Scottish and Welsh Governments and numerous local authorities.
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