As enterprises look to lower infrastructure costs through outsourcing, International Data Corporation (IDC) forecasts that the worldwide public platform-as-a-service (PaaS) market is expected to grow to more than $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 firm said.
Industry-specific market drivers, primarily for healthcare reform in the U.S., fiscal reform in governments outside the U.S., and worldwide financial services reform, will also accelerate PaaS adoption.
“The CAGR for the worldwide public PaaS 2013–2017 forecast is almost 30 percent,” said Robert Mahowald, program vice president for SaaS and Cloud Software research at IDC. “Additionally, IDC research indicates that by 2017, public PaaS will account for more than 10% of overall application development and deployment revenue, with strong growth occurring in every region of the world, especially in Asia/Pacific (including Japan).”
The need to incorporate modern application development and deployment (AD&D) techniques, as well as more advanced forms of data management than vanilla relational structures all working together, are key drivers to dynamic public PaaS market growth, IDC added. And, real-time interactions with customers and partners will amplify the need for more comprehensive application deployment services.