PaaS Market size is projected to reach USD 206.30 billion by 2028
PaaS Industry Overview The global PaaS market size was valued at USD 60.12 billion in 2021 and is anticipated to register a compound annual growth rate (CAGR) of 19.3% from 2022 to 2028. PaaS is a cloud service that provides a virtual environment to the developers for software development. The rising need to reduce the cost and time to market (TTM) of application development across the enterprises is one of the major factors that boost the market growth during the forecast period. Along with this, the rising adoption of cloud services among enterprises across the globe and the growing number of enterprises is fueling the growth of the market. However, the rising number of data breaches increases the privacy and security concerns that are projected to hinder market growth. Gather more insights about the market drivers, restrains and growth of the Global PaaS Market The speedy digitization across the globe results in increasing adoption of the Platform A...