Elizabeth Leigh
A MarketsandMarkets report on the platform-as-a-service market has forecast the sector to be worth up to $6.94 billion in revenue by 2018 at a 32.54 percent compound annual growth rate.
PaaS revenue has grown faster than the infrastructure and software segments due to its impact on the application development process, the market researcher says.
The report, entitled “Platform as a Service (PaaS) Market – Global Advancements, Business Models, Technology Roadmaps, Forecasts & Analysis (2013-2018)†also identified potential restraints to market growth.Â
MarketsandMarkets sought to identify opportunities, challenges and other trends in PaaS over the next few years.
