The data displays the vendor revenue of the public cloud Platform-as-a-Service (PaaS) market from 2012 to 2026. In 2014, the revenue of vendors offering Platforms as a Service in the public cloud market reached a combined value of 1.6 billion USD. Until 2026, according to this forecast, annual revenues should total almost 48 billion USD. Together with Software as a Service (SaaS) and Infrastructure as a Service (IaaS), platform as a service (PaaS) is one of the three overarching models of cloud computing, allowing a business to redirect resources away from IT infrastructure, hardware, and personnel expenses, and towards other needs.
