| Code: MTA10204 | Publication Date: Oct 2025 |
The market for PaaS is being driven by increased demand for scalable cloud solutions, heightened application development, and digital transformation across industries. By 2024, the market is anticipated to gain a sizable share of 35% overall cloud computing space.
The PaaS market is experiencing trends developing around the greater use of containerization and microservices, which improve flexibility of deploying applications. Organizations are increasingly investing in serverless computing, which allows developers to spend more time writing code and less time managing infrastructure. The increase of edge computing is also causing PaaS providers to provide more distributed solutions focused on latency and performance of the application. Finally, frameworks that incorporate artificial intelligence and machine learning are quickly becoming differentiated capabilities for PaaS to enable innovation.
The PaaS market is witnessing developments with the increasing adoption of serverless architectures and containerized environments, facilitating faster, more efficient application development and deployment. Companies are investing in AI-driven solutions to improve automation in development and testing. Multi-cloud platforms are gaining traction, offering flexibility and resilience to businesses. Additionally, the integration of blockchain technology in PaaS solutions is emerging, enhancing security and transparency for enterprises.
Some of the leading companies include: