Platform Architecture Market Projected to Reach US$ 19,235 Million with a Remarkable 14.1% CAGR by 2032

Platform Architecture Market

The global platform architecture market is anticipated to grow at a CAGR of 14.1% from 2022 to 2032, valued at US$ 19,235 Million, up from US$ 5,127 Million in 2022. The need to stop managing servers and develop apps quickly has increased, which is likely to lead to the adoption of platform architecture.

However, some problems with third-party APIs, such as compliance, lock-in issues, vendor dependence, and security worries, are anticipated to be significant market growth inhibitors.

On the other hand, the development of serverless computing in the expanding IoT landscape and the ongoing expansion of cloud technology deployment. It’s anticipated that this will lead to market opportunities.

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Platform Architecture Market: Drivers and Challenges 

Cloud and Internet of things (IoT) platform architectures are the major factors driving the platform architecture market. Internet of Things platform architecture helps to set a base for building, managing, and securing fundamentals in the IoT. Moreover, Enterprises are implementing cloud platform architecture to provide both a runtime environment and development to cloud applications through its various services such as platform as a service (PaaS). 

Cloud platform architecture offers several solutions such as on-demand extension and on-premise extension. Hadoop architecture platform is one of the emerging and another factor driving the platform architecture market in a positive manner . 

Developing a scalable architecture for an application is one of the major challenges faced by the platform architecture market. 

Platform Architecture Market: Regional Overview

Presently, the North America region holds the largest market share of the platform architecture market owing to the rapid implementation of Hadoop platform architectures by most enterprises.

In Europe and APAC region, the market of platform architecture is growing in a positive manner owing to the adoption of cloud-based platforms by small and large enterprises.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.

Leading Key Players:

  • Jacobs Engineering Group
  • Nikken Sekkei Ltd.
  • Perkins Eastman
  • Oracle Corporation
  • IBM Corp.
  • Apprenda Inc.
  • RNF Technologies
  • Google Inc.
  • DP Architects Pvt. Ltd.
  • Foster + Partners

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Platform Architecture Market Segmentation:

By Deployment Type:

  • Cloud-based
  • On-premise

By Services Type:

  • Software-as-a-service (SaaS)
  • Platform-as-a-service (PaaS)

By Verticals:

  • IT & Telecom
  • Government
  • BFSI
  • Retail
  • Manufacturing

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa(MEA)
  • Europe

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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