Platform-as-a-service (PaaS) is Expected to Grow Moderately in India

Platform-as-a-service (PaaS) is expected to grow moderately throughout the forecast period of 2019-24, with a CAGR of 10.2%. With cloud being a technology foundation for the deployment of a multitude of digital offerings and services, revenue for infrastructure-as-a-service (IaaS) is estimated to exceed the $1.2 billion mark by 2024, with a CAGR of 16.3% throughout the forecast period of 2019-24.