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New IDC Worldwide Public Platform as a Service Forecast Shows Market Will Grow to Over $14 Billion in 2017FRAMINGHAM, Mass. --(Business Wire)-- In a newly released study, International Data Corporation (IDC) forecasts that the worldwide public platform-as-a-service (PaaS) market is expected to grow to over $14 billion in 2017. The opportunities for monetizing public PaaS functionality are high in light of the advances being made in social, mobile, and real-time contextual activities. "The CAGR for the worldwide public PaaS 2013-2017 forecast is almost 30%," said Robert Mahowald, Program Vice President for SaaS and Cloud Software research. "Additionally, IDC (News - Alert) research indicates that by 2017, public PaaS will account for more than 10% of overal application development and deployment revenue, with strong growth occurring in every region of the world, especially in Asia/Pacific (including Japan)." Key research findings include:
The IDC study, Worldwide Public Platform as a Service 2013-2017 Forecast (IDC #243315) provides 2010-2012 revenue data and a 2013-2017 forecast for the worldwide public platform-as-a service competitive market. Further, the study segments the PaaS market into six PaaS competitive submarkets: application platform-as-a-service, database platform-as-a-service, integration platform-as-a-service, business process management platform-as-a-service, cloud testing and other platform-as-a-service.
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