PaaS Market is projected to reach USD 191 billion by the end of 2027, increasing at 23.4% CAGR

Gmi Research30 Jul, 2022Technology

The factors driving the growth of Platform as a Service (PaaS) Market includes growing emphasis on streamlining application management, increasing number of mobile applications, digitization of the banking services and growing demand for online shopping models. As per the data available at Statista, the revenue generated by the mobile application were estimated around USD 318 billion in 2020.