Worldwide Public Cloud Platform as a Service Market Shares, 2023: The Rush to AI

Worldwide Public Cloud Platform as a Service Market Shares, 2023: The Rush to AI

This IDC study reports on the prior two years, in addition to the year 2023, to provide context for how the market has evolved. It also provides a competitive analysis of the worldwide public cloud PaaS market players and the associated secondary market. "The top 4 vendors in the market for public cloud PaaS were, in order, Microsoft, AWS, Google, and Salesforce, accounting for approximately 50% of the overall PaaS market," said Adam Reeves, research director, Public Cloud PaaS for Developers of Modern and Edge Applications, IDC. "In a market that grew at nearly 30% in 2023, more than 50 vendors generated revenue in excess of $200 million in PaaS revenue. Successful vendors are focusing on delivering their customers AI solutions and driving developer enablement."

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