{"id":7319,"date":"2013-05-07T23:23:11","date_gmt":"2013-05-07T23:23:11","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2013\/may\/08\/paas-market-hit-65bn-2016-says-new-report\/"},"modified":"2013-05-07T23:23:11","modified_gmt":"2013-05-07T23:23:11","slug":"paas-market-to-hit-6-5bn-by-2016-says-new-report","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/paas-market-to-hit-6-5bn-by-2016-says-new-report\/","title":{"rendered":"PaaS market to hit $6.5bn by 2016, says new report"},"content":{"rendered":"<p>The platform as a service (PaaS) market is expected to reach $6.45bn by 2016 and grow at a compound annual growth rate (CAGR) of almost 50%, with application infrastructure and middleware PaaS expected to grow the fastest.<\/p>\n<p>That&rsquo;s the big takeaway from analysts TechNavio, having published the latest industry report entitled Global Platform as a Service Market 2012-2016.<\/p>\n<p>According to the researchers, the market currently stands at $1.31bn, with that number expecting to rise to $1.85bn by the end of this year.<\/p>\n<p>These figures correspond similarly with Gartner&rsquo;s predictions, saying that PaaS revenue was on target to hit $1.2bn by the end of 2012 &ndash; yet TechNavio notes some difficulties in the current market, particularly the lack of best use practices and universally recognised standards.<\/p>\n<p>PaaS, whilst remaining the smallest cloud market, is generally recognised as the fastest growing. Informatica&rsquo;s Juan Carlos Soto, speaking &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The platform as a service (PaaS) market is expected to reach $6.45bn by 2016 and grow at a compound annual growth rate (CAGR) of almost 50%, with application infrastructure and middleware PaaS expected to grow the fastest.<br \/>\nThat&rsquo;s the big takeaway&#8230;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-7319","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/7319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=7319"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/7319\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=7319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=7319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=7319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}