devxlogo

Report: PaaS to Top $707.4 Million This Year

Report: PaaS to Top $707.4 Million This Year

A new report from market research firm Gartner says that platform-as-a-service (PaaS) revenues could reach $707.4 million this year, a jump up from last year’s $512.4 million. Although PaaS is not yet as well-developed as software-as-a-service (SaaS), PaaS “is where we believe the battle between vendors is set to intensify,” said report author Fabrizio Biscotti.

Many of the first PaaS offerings focused on application development, testing and deployment, but Biscotti claims that is changing over time. “The market has since expanded to encompass other middleware capabilities as a service, such as integration, process management, and portal and managed file transfers (MFTs),” he wrote.

View article

devxblackblue

About Our Editorial Process

At DevX, we’re dedicated to tech entrepreneurship. Our team closely follows industry shifts, new products, AI breakthroughs, technology trends, and funding announcements. Articles undergo thorough editing to ensure accuracy and clarity, reflecting DevX’s style and supporting entrepreneurs in the tech sphere.

See our full editorial policy.

About Our Journalist