Gartner predicts that Cloud based Platform-as-a-Service revenue is all set to reach $1.2 billion by the end of 2012. When compared to the year 2011, the PaaS revenue was just $900 million. As per the research firm prediction the PaaS revenue will be $1.5 billion in 2013 and will reach $2.9 billion by 2016.
Cloud computing based Platform-as-a-Service includes suites of application infrastructure services, like application platforms as a service (aPaaS) and integration platform-as-a-service (iPaaS); special application infrastructure services like database platform as a service, business process management PaaS, messaging as a service and further functional kinds of middleware offered as a cloud service.
A technological analyst from Gartner says that, out of all the cloud technological aspects, IaaS and SaaS platforms are the most established and traditional cloud forms from a competitive viewpoint, while PaaS is the least advanced.
For this reason, in coming years Platform as a service cloud services will intensify in such a way that the battle between vendors and products will increase. So, many new players will also venture into the market in order to capture some of the market share and gain prominence in this period.
The largest segments within the PaaS market spending are application based platform with 34.5% investment, accounting as a platform which occupied 31% of total PaaS spending, application like cycle management services which occupied 12% of spending, BPM platform services which occupied 11.6% of spending and cloud integration service which occupied 11.4% of revenue.
Garner has predicted that the potential spending will be on an average of $360 million/year from 2011 to 2016.
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