<p>Research firm Gartner says worldwide Platform as a Service revenue is on track to reach $1.2bn this year, with intensive competition between cloud vendors. Guy Daniels reports.</p><p>Worldwide platform as a service (PaaS) revenue is on pace to reach $1.2bn in 2012, up from $900m in 2011, according to a new report from Gartner. It believes that the market will experience consistent growth with worldwide PaaS revenue totalling $1.5bn in 2013, growing to $2.9bn in 2016.</p><p>Fabrizio Biscotti, research director at Gartner, says that of all the cloud technological aspects, infrastructure as a service (IaaS) and software as a service (SaaS) are the most mature and established from a competitive landscape perspective, while PaaS is the least evolved:</p><p>"For this reason, PaaS is where the battle between vendors and products is set to intensify the most. It comes as no surprise that the PaaS competitive landscape is still in flux, with traditional application infrastructure vendors facing competition from new large players moving into the market, and myriad specialized PaaS pure players cutting into their slice of profits."</p><p><a href="http://telecomtv.com/go/?ct=1&cid=49658&id=e9381817-0593-417a-8639-c4c53e2a2a10">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.sys-con.com/node/2925193">Without A Strong PaaS, ITaaS, DevOps &amp; IaaS Fall Short</a> (SYS-CON Media (press release))</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dRxOF1aZhXiU6AMZQ4Wkm6FKnA36M&authuser=0&ned=us">9 additional articles.</a></p>