Nearly half of platform as a service (PaaS) offerings are now cloud-only

Although many organisations anticipate a long-term retention of on-premises computing, PaaS vendors are hedging their bets on the prevailing growth of cloud deployments.

According to a new report by Gartner, Platform as a Service: Definition, Taxonomy and Vendor Landscape, 2019, 48% of today’s platform as a service (PaaS) service offerings are cloud-only.

“Business and technology leaders are shifting to strategic investment in cloud computing,” said Yefim Natis, research vice president and distinguished analyst at Gartner. “Cloud computing is one of the key disruptive forces in IT markets that is gaining mainstream trust.”

Currently, there are more than 550 PaaS offerings, from more than 360 vendors across 21 market segments. Not a single vendor has a foothold across all 21 segments, and 90% of them only operate within a single PaaS market segment.

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According to Gartner, by 2022, Enterprise IT spending for cloud-based offerings will surpass spending on non-cloud IT solutions.

Gartner predicts that the total PaaS market revenue will reach $20bn in $20bn, and exceed $34 billion in 2022.

In this shift to cloud, database and application platform services represent the largest market segments, with blockchain, digital experience, serverless and artificial intelligence/machine learning (AI/ML) platform services as the newest.

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Andrew Ross

As a reporter with Information Age, Andrew Ross writes articles for technology leaders; helping them manage business critical issues both for today and in the future