The latest round of research data from analyst house Gartner reveals that worldwide platform as a service (PaaS) revenue is on target to hit $1.2bn (£754m) by the end of 2012.

This figure represents an increase from $900m (£565m) from the previous year, and integrates various sub-aspects of the PaaS infrastructure, such as aPaas (application platforms as a service) and iPaas (integration platforms as a service).

Following the prediction through fully, Gartner believes the platform as a service market will hit $2.9bn (£1.8bn) by 2016.

This news appears to confound research last week from Symform detailing the struggle of PaaS compared to the more mature cloud markets of IaaS and SaaS.

The key cornerstone of the Symform report was that 79% of companies surveyed used SaaS, yet 48% had no plans to utilise PaaS in the next 12 months.

It’s no real surprise that SaaS continues …