Earlier this year, Frost & Sullivan (News - Alert) predicted that the Platform-as-a-Service (PaaS) market will be the next area of competition for cloud innovators, as the Infrastructure-as-a-Service and Software-as-a-Service spaces have been commoditized. Along with SaaS (News - Alert) and IaaS, PaaS is a fast-growing service model of cloud computing.
In addition, TechNavio’s analysts forecast the Global Business Process Management (BPM) Platform-as-a-Service (PaaS) market will continue to grow at a CAGR of 25.7 percent from 2011 to 2015. One of the key factors contributing to this market growth is the need for a quick response to changing business requirements.
“PaaS is a category of cloud computing services that provides a computing platform and a solution stack as a service for enterprises,” eWeek’s Chris Preimesberger explained. “Along with SaaS and IaaS, PaaS is a fast-growing service model of cloud computing. In this model, the PaaS customer creates the software using tools and libraries from the provider. The customer also controls software deployment and configuration settings. The provider delivers the networks, servers and storage.”
ActiveState CEO Bart Copeland, recently outlined 10 PaaS trends he sees evolving in the cloud market over the next five years, which are the following:
- Workload growth will drive PaaS adoption
- IaaS providers will climb up the stack to subsume PaaS IT
- Public PaaS will win the SMB market
- Public services will concede the enterprise market to private PaaS
- Open source PaaS platforms will flourish
- Open source PaaS platforms will be delivered via popular Linux distributions
- Proprietary PaaS will start to look like open source
- PaaS Compatibility? More like PaaS combatibility
- Orchestration and configuration management will merge with PaaS IT
- Hybrid will win the cloud war, thanks to PaaS
With significant growth in business process services (a.k.a. BPaaS) and Infrastructure-as –a-service (IaaS) amassing, the public cloud services market is projected to total $109 billion by the end of 2013, an increase of 19.6 percent, according to the latest figures from Gartner (News - Alert).
Platform-as- a-Service, or application infrastructure services, is expected to grow to $1.2 billion in 2012, but remain a smaller market in comparison to the other cloud software segments.
“The cloud services market is clearly a high-growth sector within the overall IT marketplace,” Ed Anderson, research director at Gartner, said in a statement. “The key to taking advantage of this growth will be understanding the nuances of the opportunity within service segments and geographic regions, and then prioritizing investments in line with the opportunities.”
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Edited by Jamie Epstein