Platform as a Service Journal
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Facts about platform-as-a-service (PAAS)
1. Platform as a service (PaaS) is one of the three primary tiers of cloud computing, allowing businesses the opportunity to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. (Statista)
2. The public cloud PaaS service market worldwide in 2021 is 80bn USD. (Statista)
3. The second–highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services or PaaS. (Gartner)
4. The average Spend per Employee in the PaaS segment is projected to reach US$17.71 in 2021. (Statista)
5. There are four different types of PaaS which can be classified as computing platforms, web applications, business applications, and social applications. (Globenewswire)
Analysis
Why every business requires a digital platform, and a Platform-as-a-Service (PaaS) to deliver it
The digital age has revolutionized how businesses utilize data. In the past, enterprise computing focused on providing Systems of Record (SoRs) for internal use behind a firewall. Today, customers expect self-service, transparency, and real-time updates on service performance.
Many organizations not born into the digital age lack back-office systems that meet current demands. A substantial gap exists between back-office Systems of Record and the digital ecosystems required by stakeholders.
Digital Ecosystems must cater to all stakeholders in an integrated information management environment, tailored to support providers’ unique qualities. This has led to the rise of cloud PaaS solutions like Encanvas, enabling non-technical users to design and deploy applications for their business processes and workflows beyond traditional financial systems or ERPs.
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