Gartner Predicts PaaS Market Will Be Worth $2.9B by 2016

Market researcher firm Gartner has released a new report which predicts the platform as a service (PaaS) segment of the cloud computing industry is about to take off. Last year, the PaaS market was worth $900 million. This year, Gartner says PaaS will be worth $1.2 billion, and the firm forecasts that the market will climb to $2.9 billion by 2016.

According to Gartner’s Fabrizio Biscotti, “Of all the cloud technological aspects, infrastructure as a service (IaaS) and software as a service (SaaS) are the most mature and established from a competitive landscape perspective, while PaaS is the least evolved.” He added, “For this reason, PaaS is where the battle between vendors and products is set to intensify the most. It comes as no surprise that the PaaS competitive landscape is still in flux, with traditional application infrastructure vendors facing competition from new large players moving into the market, and myriad specialized PaaS pure players cutting into their slice of profits.”

According to Gartner, U.S. spending accounts for 42 percent of the PaaS market.

View article

Share the Post:
Share on facebook
Share on twitter
Share on linkedin


The Latest

homes in the real estate industry

Exploring the Latest Tech Trends Impacting the Real Estate Industry

The real estate industry is changing thanks to the newest technological advancements. These new developments — from blockchain and AI to virtual reality and 3D printing — are poised to change how we buy and sell homes. Real estate brokers, buyers, sellers, wholesale real estate professionals, fix and flippers, and beyond may

man on floor with data

DevX Quick Guide to Data Ingestion

One of the biggest trends of the 21st century is the massive surge in internet usage. With major innovations such as smart technology, social media, and online shopping sites, the internet has become an essential part of everyday life for a large portion of the population. Due to this internet

payment via phone

7 Ways Technology Has Changed Traditional Payments

In today’s digital world, technology has changed how we make payments. From contactless cards to mobile wallets, it’s now easier to pay for goods and services without carrying cash or using a checkbook. This article will look at seven of the most significant ways technology has transformed traditional payment methods.