target audience: TECH SUPPLIER Publication date: Aug 2024 - Document type: Market Forecast - Doc Document number: # US50140823
Worldwide Public Cloud Platform as a Service Forecast, 2024–2028
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Abstract
This IDC study provides the worldwide public cloud platform as a service (PaaS) market forecast for 2024–2028. It also presents regional and submarket forecasts.
"The public cloud PaaS market delivered more than 29% of annual growth in 2023, demonstrating the success that PaaS providers are achieving," said Adam Reeves, research director, PaaS for Developers of Modern and Edge Applications, at IDC. "Market growth has been, and will continue to be, largely driven by artificial intelligence platforms. Providers are endeavoring to deliver offerings that ease developer burden by enabling them to dedicate more time to development tasks, write code more efficiently, and deliver better applications using artificial intelligence."