PaaS Market to Grow at 18.8% CAGR Through 2030 Amid Rising Demand for Scalable Cloud-Based Application Development
TechMarket Experts , a unit of Industry Experts, Inc., has introduced a new global market research publication titled " Platform-as-a-Service (PaaS) - A Global Market Overview ." According to this report, the worldwide PaaS market is projected to increase from US$93.9 billion in 2024 to US$264.2 billion by 2030, registering a robust CAGR of 18.8% over the forecast period. As per this new global market research report, PaaS adoption is accelerating as enterprises seek agile, scalable cloud platforms to streamline application development and integration. North America leads with a 32.4% market share in 2024, driven by strong cloud infrastructure and the presence of key vendors like AWS, Microsoft, and Google. Meanwhile, Asia-Pacific is poised to grow at the fastest pace through 2030, fueled by digital transformation in China, India, and Southeast Asia, expanding SME demand, and favorable government policies promoting cloud-first initiatives. Among service types, ...