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PaaS Market To Reach $14 Billion in Four Years

The global platform-as-a-service (PaaS) market will cross the $14 billion mark in 2017.

So says International Data Corp. (IDC) in a new study, which predicts that the opportunities for monetizing public PaaS functionality are high when you consider the advances being made in social, mobile, and real-time contextual activities.

"The CAGR for the worldwide public PaaS 20132017 forecast is almost 30 percent," said Robert Mahowald, program vice president for SaaS and cloud software research, IDC. "Additionally, IDC research indicates that by 2017, public PaaS will account for more than 10 percent of overall application development and deployment revenue, with strong growth occurring in every region of the world, especially in Asia/Pacific (including Japan)."

The "Worldwide Public Platform as a Service 2013-2017 Forecast" finds that real-time interactions with customers and partners will amplify the need for more comprehensive application deployment services. Industry-specific market drivers, primarily for health-care reform in the U.S., fiscal reform in governments outside the U.S., and worldwide financial services reform, will also accelerate PaaS adoption, IDC says.

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