Global Platform-as-a-Service (PaaS) Competitive Analysis Market ,Trends And Application

Platform-as-a-Service (PaaS) Market was valued at about USD 25.58 Billion and is likely to grow to USD 50.4 Billion at a CAGR of 12.4% through 2027. Platform-as-a-Service (PaaS) is a form of cloud computing that provides a broad set of cloud-based application infrastructure and middleware (AIM) resources through cloud. A PaaS provider hosts hardware and software on its own infrastructure. As a result, PaaS frees developers from having to install in-house hardware and software to develop or run a new application. platform as a service market share was dominated by the application PaaS segment, and is expected to maintain its dominance in the upcoming years. The growing capital investment on application development for mobile, web and enterprise promises significant growth opportunity for the market for application segment. Technology advancements in PaaS services such as AI capabilities are estimated to expand the platform-as-a-service industry for application segment ...