The global platform architecture market is forecasted to be appraised at US$ 19,235 Million by 2032, up from US$ 5,127 Million in 2022, advancing at a CAGR of 14.1% during the forecast period. There has been a growth in the need to eliminate the management of servers and rapid app development, which is likely to effectuate the adoption of platform architecture. However, certain issues associated with third-party APIs, such as compliance, lock-in problems, vendor dependency, and security concerns, are expected to be major hindrances to market growth.
On the contrary, the emergence of serverless computing in the growing IoT landscape and the continuous increase in the deployment of cloud technologies. This is anticipated to generate market opportunities. Key providers have built a platform with flexibility and choice in mind, which aids their end users in connecting people and plans to take their enterprise planning to the next level. Built on a unified platform, this serverless architecture brings together data and analytics, application development, artificial intelligence (AI), automation, and integration in one unified environment. These key providers further offer personalized experiences for applications such as enriching user interaction with automation and artificial intelligence and accessing real-time, complete views of all the data.
End users can also innovate strategies faster in business contexts by working faster with no-code and code-first development tools and jump-starting projects with prebuilt industry content and use cases. This is likely to drive the demand for platform architecture. Moreover, key providers are helping end users run their businesses on a trusted, enterprise-grade platform by customizing these business processes without the need for maintenance, along with using their preferred cloud while interoperating with the existing IT landscape. Most key players proudly claim that their platform architecture has strong integration and extension capabilities.
Moreover, these platforms offer high port density, high-performance forwarding, low jitter, and low power consumption at a very cost-effective price point. In addition, most of these platforms offer an industry-leading density of routed 1/10/40/100/400G ports for high-scale WAN aggregation, core, and peering roles. They are designed to efficiently scale in support of data centers, large enterprises, and web & service providers’ WAN and aggregation networks, securing the adoption of platform architecture.
Cloud architecture provided by these key players simplifies the inclusion of additional solutions to address a wider range of urban service domains. The platform supports services across domains by allowing data to trigger alerts or actions in other domains based on the criteria established by and for the end user’s community.
Regardless of individual protocols, this functionality draws from the ability to combine data from many devices and communicate it securely while also tapping into geospatial mapping for many important uses across the end user’s community. Most cloud architecture framework offered by key companies provide recommendations and describes best practices to help architects, developers, administrators, and other cloud practitioners design and operate a cloud topology that’s secure, efficient, resilient, high-performing, and cost-effective.
A cross-functional team of experts at these key companies validates the design recommendations and best practices that make up the architecture framework. The team curates the architecture framework to reflect the expanding capabilities of the cloud, industry best practices, community knowledge, and feedback from the end users.
For instance, Google Cloud Platform (GCP) is Google’s public cloud offering, which is comparable to web services by top corporations. It claims that while GCP has many ways to run applications such as App Engine, Container Engine, or Cloud Functions, Hosted Virtual Machines (VM) are still the easiest transition to the cloud for architects and developers that are used to having complete control over their operating system, as it is the first thing people think of when moving to the cloud. These factors are anticipated to raise the demand for the service and expand the global platform architecture market size.
| Attributes | Details |
|---|---|
| Platform Architecture Market Size (2022) | US$ 5,127 Million |
| Platform Architecture Market Size (2032) | US$ 19,235 Million |
| Platform Architecture Market CAGR | 14.1% |
Architect unions and guilds are increasingly becoming popular across regional patches. Most of these guilds focus on protesting the demolition of structures that hold historic and cultural relevance and reviving ancient architecture. Environment planners and architects who vouch for green energy planning are included as a part of these guilds. The services and contributions of these architects are ought to create innovations in the platform architecture market trends.
The adoption of 3D printing for architecture is a growing application of additive manufacturing. This particular technology is rapidly spreading, and its costs are decreasing. This is because 3D printing brings the most direct way from on-screen visualization to touch and feel representation. Hence, its adoption is estimated to significantly support global market growth.
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The primary focus of major players is on enhancing their businesses and customer base through strategic partnerships. In addition, businesses opt for architectural services such as schematic designs, interior design, and space planning that help them attract more customers and enhance their stay experience. These factors are expected to drive the demand for platform architecture.
The need for green planning and architecture has gathered momentum, with a growing focus on energy-optimization technologies. Architects are making extensive efforts to come up with distinct designs that fit the needs of the industrial sector owing to the energy-intensive nature of the industrial sector which necessitates the recipient of distinct designs. This is estimated to contribute to global market growth.
In the healthcare sector, through the establishment of new facilities and the reorganization of existing spaces, hospitals are focused on improving patient care. Hence, services such as construction and project management, and interior design are expected to witness significant demand, as it helps optimize space to seamlessly treat patients, improve patient outcomes, and increase patient satisfaction. Therefore, here the adoption of platform architecture is likely to be profitable.
Lack of skilled labor, resources and adequate knowledge regarding the operation and design of platform architecture is expected to be a major obstruction to market growth. Additionally, trying to develop a scalable architecture for an application can be a challenge for most providers.
Conversely, architects are able to save time and money while delivering high precision in design through the deployment of VR technology in architectural designs. Moreover, construction companies are now looking at firms that can manage and analyze the project life cycle along with providing design and advisory services. These new developments are anticipated to provide the scope of creativity for key providers.
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With a revenue of 28.3%, North America is the largest platform architecture market. The high demand for cloud and the Internet of Things (IoT) increases the importance of platform architecture in this region. Moreover, the adoption of platform architecture facilitates IoT fundamentals to be managed, built, and secured. Hence, enterprises in the USA are introducing cloud platform architecture to facilitate the development and runtime of cloud applications through various services such as platform as a service (PaaS), creating lucrative growth opportunities.
Europe currently holds the second-largest share of the platform architecture market, with a revenue of 20.4%. This is attributed to the flourishing construction sector in the IT sector in countries such as the United Kingdom and Germany, owing to new infrastructure development projects and rising investments. Moreover, the gradual resumption of the construction of various data center facilities affected by temporary suspension due to the pandemic and the emergence of new IT projects are expected to revive the market for platform architectures.
Start-up companies in the platform architecture market share, are primarily focusing on incorporating advanced technologies such as AI, IoT, etc. to contribute to the market growth:
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The platform architecture market share is bottom fragmented and top consolidated, which is attributed to the presence of some key players obtaining a major block of the market share. The players are often involved in opting for both organic and inorganic growth strategies to expand their geographical presence and their product portfolio.
A few of the latest developments in the platform architecture market are:
OTHER MARKET PLAYERS IN THE PLATFORM ARCHITECTURE MARKET:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.6% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments Covered | Deployment Type, Services Type, Verticals, and Region. |
| Regional scope | North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand |
| Country scope | USA; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); Iran; South Africa |
| Key companies profiled | SAP SE, Cisco Systems Inc., IBI Group, Synopsys Inc., Microsoft Corp., Oracle Corporation, Nikken Sekkei Ltd., Perkins Eastman, IBM Corp., Jacobs Engineering Group, Apprenda Inc., RNF Technologies, Google Inc., DP Architects Pvt. Ltd., Foster + Partners, etc. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The platform architecture market is likely to accumulate a CAGR of 4.6%, during the forecast period.
North America is the leading platform architecture market with a revenue of 28.3%.
By 2032, the platform architecture market is likely to grow to a valuation of US$ 19,235 Million.
1. Executive Summary | Platform Architecture Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Deployment Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Deployment Type, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment Type, 2022 to 2032 5.3.1. Cloud Based 5.3.2. On-premise 5.4. Y-o-Y Growth Trend Analysis By Deployment Type, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Deployment Type, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Services Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Services Type, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Services Type, 2022 to 2032 6.3.1. Software-as-a-service 6.3.2. Platform-as-a-service 6.4. Y-o-Y Growth Trend Analysis By Services Type, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Services Type, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Verticals 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Verticals, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Verticals, 2022 to 2032 7.3.1. IT and Telecom 7.3.2. Government 7.3.3. BFSI 7.3.4. Retail 7.3.5. Manufacturing 7.3.6. Others 7.4. Y-o-Y Growth Trend Analysis By Verticals, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Verticals, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa(MEA) 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Deployment Type 9.2.3. By Services Type 9.2.4. By Verticals 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Deployment Type 9.3.3. By Services Type 9.3.4. By Verticals 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Deployment Type 10.2.3. By Services Type 10.2.4. By Verticals 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Deployment Type 10.3.3. By Services Type 10.3.4. By Verticals 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Deployment Type 11.2.3. By Services Type 11.2.4. By Verticals 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Deployment Type 11.3.3. By Services Type 11.3.4. By Verticals 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. India 12.2.1.5. Malaysia 12.2.1.6. Singapore 12.2.1.7. Australia 12.2.1.8. New Zealand 12.2.1.9. Rest of Asia Pacific 12.2.2. By Deployment Type 12.2.3. By Services Type 12.2.4. By Verticals 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Deployment Type 12.3.3. By Services Type 12.3.4. By Verticals 12.4. Key Takeaways 13. Middle East and Africa(MEA) Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of Middle East and Africa(MEA) 13.2.2. By Deployment Type 13.2.3. By Services Type 13.2.4. By Verticals 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Deployment Type 13.3.3. By Services Type 13.3.4. By Verticals 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Deployment Type 14.1.2.2. By Services Type 14.1.2.3. By Verticals 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Deployment Type 14.2.2.2. By Services Type 14.2.2.3. By Verticals 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Deployment Type 14.3.2.2. By Services Type 14.3.2.3. By Verticals 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Deployment Type 14.4.2.2. By Services Type 14.4.2.3. By Verticals 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Deployment Type 14.5.2.2. By Services Type 14.5.2.3. By Verticals 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Deployment Type 14.6.2.2. By Services Type 14.6.2.3. By Verticals 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Deployment Type 14.7.2.2. By Services Type 14.7.2.3. By Verticals 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Deployment Type 14.8.2.2. By Services Type 14.8.2.3. By Verticals 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Deployment Type 14.9.2.2. By Services Type 14.9.2.3. By Verticals 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Deployment Type 14.10.2.2. By Services Type 14.10.2.3. By Verticals 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Deployment Type 14.11.2.2. By Services Type 14.11.2.3. By Verticals 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Deployment Type 14.12.2.2. By Services Type 14.12.2.3. By Verticals 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Deployment Type 14.13.2.2. By Services Type 14.13.2.3. By Verticals 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Deployment Type 14.14.2.2. By Services Type 14.14.2.3. By Verticals 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Deployment Type 14.15.2.2. By Services Type 14.15.2.3. By Verticals 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Deployment Type 14.16.2.2. By Services Type 14.16.2.3. By Verticals 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Deployment Type 14.17.2.2. By Services Type 14.17.2.3. By Verticals 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Deployment Type 14.18.2.2. By Services Type 14.18.2.3. By Verticals 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Deployment Type 14.19.2.2. By Services Type 14.19.2.3. By Verticals 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Deployment Type 15.3.3. By Services Type 15.3.4. By Verticals 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. SAP SE 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.2. Cisco 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.3. Google 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.4. Synopsys Inc. 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.5. Microsoft Corp. 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.6. Oracle 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.7. IBM Corp. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.8. Apprenda Inc. 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.9. RNF technologies 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Platform Architecture Market
