This IDC Market Analysis Perspective (MAP) looks at the current state of the platform-as-a-service (PaaS) market and provides guidance to match customer demands with new cloud technology trends. PaaS is viewed as a solution to address multiple enterprise needs, and adoption is growing with the total public market size predicted to be about $100 billion by 2024. A number of changes occurred in the past 12 months with acquisitions by IBM, Salesforce, and VMware consolidating products through fewer vendors.
A modern application platform is a collection of services that accelerate application development and deployment built on open container infrastructure and includes the use of a serverless framework and becoming the developer's choice for building new applications and modernizing existing applications. The move from traditional opinionated platforms to a Kubernetes-powered approach is now the first choice for developers. Application modernization continues to drive business agility and developer productivity, leading enterprises to prioritize effort into refactoring existing applications using cloud-native technology.