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The Global Platform-as-a-Service (PaaS) Market is projected to reach a valuation of $227.5 billion by 2030, with a CAGR of 16.8% from 2023. This growth is driven by factors such as the increasing adoption of cloud computing and IoT technology, as well as the need to reduce time to market and application development costs. However, challenges related to data security and cloud migration may hinder market growth. Opportunities exist in the use of AI and ML technologies and the demand for video PaaS.
