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Worldwide Competitive Cloud Application Platforms Software Forecast, 2023–2027

Publisher IDC
Published Jul 24, 2023
Length 14 Pages
SKU # IDC18089990

Description

Worldwide Competitive Cloud Application Platforms Software Forecast, 2023–2027


This IDC study provides the worldwide cloud application platforms market forecast for 2023–2027. It also presents regional and deployment-based forecasts. This market is tracked in IDC's Worldwide Semiannual Public Cloud Services Tracker."The competitive cloud application platforms software market delivered a combined 16.1% annual growth in 2022 for on-premises and cloud consumption models," said Brijesh Kumar, senior research analyst, Cloud Application Development Platforms at IDC. "With the dawn of generative AI, there will be an even greater need for organizations to reliably, securely, and cost-effectively deploy applications to a variety of modern cloud infrastructures, including public cloud, multicloud, hybrid cloud, and private cloud. IDC expects the cloud application platforms market to maintain a healthy growth rate over the five-year forecast period — particularly with cloud consumption models, which are forecast to grow at a CAGR of 30%."

Please Note: Extended description available upon request.

Table of Contents

14 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Continued Shift to Next-Generation Cloud Development
Security
Artificial Intelligence
Inhibitors
Do-It-Yourself Platforms
General Economic Conditions
Significant Market Developments
Changes from Prior Forecast
Market Definition
Deployment-Centric Application Platforms
Application Server Software Platforms
Cloud Deployment-Centric Application Platforms
Software-Defined Compute
Container Infrastructure Software
Event Stream Processing Software
Functions Software
Methodology
Related Research
How Do Licenses Work?
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