The global application platform as a service (aPaaS) market was valued at $6,023.3 million in 2020, and it is expected to showcase a CAGR of 14.2% during the forecast period (2021–2030). This is primarily attributed to the increasing preference of customers for advanced software and rising demand for cloud computing.

The global application platform as a service (aPaaS) market was valued at $6,023.3 million in 2020, and it is expected to showcase a CAGR of 14.2% during the forecast period (2021–2030). This is primarily attributed to the increasing preference of customers for advanced software and rising demand for cloud computing.