<p>It's been a very good first half of the year for Java-based platform as a service (PaaS) provider CloudBees. The Belgium-based cloud company reported a revenue increase of 148% in the first two quarters of 2013, as well as a 135% increase in its customer base.</p><p>The news, which CEO Sacha Labourey describes as "definitely a great step for us", could also be seen as more affirmation of the sharp rise in the PaaS market.</p><p>Almost every recent research paper you come across will mention it.</p><p>Market Monitor, a service of 451 Research, recently forecast that PaaS would be the fastest growing area of cloud computing, with a compound annual growth rate (CAGR) of 41% through 2016. Cloud overall would have a CAGR of 36%.</p><p><a href="http://www.cloudcomputing-news.net/news/2013/sep/12/cloudbees-ceo-sacha-labourey-strength-paas-market/">Keep reading...</a></p>