Gartner predicts PaaS revenue will reach USD 2.9bn by 2016

Global revenue for platform as a service (PaaS) will grow consistently for five years to reach $2.9bn by 2016, up from $900m in 2011, according to research firm Gartner. But as the PaaS delivery model grows, it will intensify the competition between large cloud service providers and enterprise software suppliers which look to capture the growing market, Gartner predicted.

Source : ComputerWeekly.com