ERP News

PaaS Growth Outpaces SaaS and IaaS

1.43K 0

When it comes to public cloud adoption by enterprises, PaaS (platform-as-a-service) is on a tear, according to technology research firm IDC.

During the first half of 2017, public cloud providers generated $63.2 billion in sales, a year-over-year increase of over 28 percent. The leading segment, SaaS (software-as-a-service), was responsible for 68.7 percent of that haul, or $43.4 billion. In terms of growth, SaaS providers saw their fortunes rise by 22.9 percent on an annual basis as enterprises increasingly shift their business application workloads to the cloud.

Second-place IaaS (infrastructure-as-a-service) accounted for $11.2 billion of total revenue during the first half of the year and notched a 17.8-percent share of the market, a year-over-year gain of 38.1 percent.

IDC research director Deepak Mohan credited the brisk adoption rate to offerings like Microsoft Azure Stack and VMware Cloud on AWS that are making it easier for enterprises to implement hybrid IT models and adopt cloud solutions. “Cumulatively, these are paving the way for the next wave of enterprise application deployments on public cloud IaaS,” stated Mohan.

Read More Here

Article Credit: Datamation

Leave A Reply

Your email address will not be published.