Report: PaaS Proportion of Market is Significant and Growing
July 23, 2014
Grazed from TalkinCloud. Author: Chris Talbot.
The platform-as-a-service (PaaS) market is growing considerably, and according to the latest research from MarketsandMarkets, the cloud computing segment is still on track to reach a value of nearly $7 billion by 2018. But for now, the market has already grown since the company released its market data late last year, growing to an estimated $1.28 billion this year from $1.23 billion in 2013.
According to MarketsandMarkets, the expected compound annual growth rate (CAGR) for the global PaaS market is 32.54 percent. Some industry experts say that although software as a service (SaaS) is still the big growth area within the cloud segment, PaaS is the next big up-and-comer…
As more enterprises and developers move their development workloads to the cloud to take advantage of economics and flexibility inherent in as-a-service offerings, PaaS is growing in popularity. For cloud services providers dealing in PaaS at one level or another, it means potentially huge gains in revenue over the next few years…
Read more from the source @ http://talkincloud.com/cloud-computing-research/072314/report-paas-proportion-market-significant-and-growing