Platform-as-a-Service Market Is Anticipated To Grow $227.5 billion by 2030

The exponential growth trajectory of the PaaS market is underpinned by a confluence of factors, including the escalating adoption of cloud computing technology, the burgeoning implementation of Internet of Things (IoT) technology, and the imperative need to curtail time to market and application development costs. However, amidst this surge, the market faces challenges stemming from data security and privacy concerns, alongside the complexities associated with cloud migration and vendor lock-in.