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."
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
Research Assistance
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