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Worldwide Public Cloud Platform as a Service Forecast, 2024–2028

Publisher IDC
Published Aug 21, 2024
Length 18 Pages
SKU # IDC19104015

Description

Worldwide Public Cloud Platform as a Service Forecast, 2024–2028


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."

Table of Contents

18 Pages

IDC Market Forecast Figure

Executive Summary

Advice for Technology Suppliers

Market Forecast

Market Context

Drivers and Inhibitors

Drivers

Artificial Intelligence

Cloud Flexibility

Developer Enablement

Inhibitors

Data Sovereignty

Ethical Concerns with GenAI

Significant Market Developments

Changes from Prior Forecast

Market Definition

Methodology

Historical and Forecast Market Values and Exchange Rates

Related Research

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Pricing

Currency Rates
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