Platform as a Service (PaaS) Market to Post 25.7% CAGR to 2020 but Adoption Rate Among SMEs Remains Dismally Low. Here's Why?
The platform as a service (PaaS) market is projected to grow vigorously over the next five years, thanks to leading vendors in the market reporting record revenue. According to Transparency Market Research, the global PaaS market was pegged at US$1.60 billion in 2013 and is expected to reach a valuation of US$7.98 billion by 2020. This translates into a stellar CAGR of 25.7% between 2014 and 2020.
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