In today’s digital environment, enterprises are continually bombarded with emerging technology and data. Legacy ecosystems are struggling to keep up with this massive amount of data. As a result of the data explosion, organizations are turning to cloud infrastructure as a viable solution.
One such example is Platform as a Service (PaaS) solutions that meet modern company needs while significantly lowering the costs and hassles of purchasing, deploying, and managing in-house hardware and software. In fact, the global PaaS market was estimated at $56.2 billion in 2020. By 2026, it is predicted to grow at a CAGR of 19.6% and expected to reach $163.4 billion.
This rapid expansion is primarily due to enterprises changing their company operations to recover from the pandemic and address operational issues caused by closed commercial activity.
Read along as we discuss more about what PaaS is, its benefits, and if you need to invest in one.
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