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Global Platform-as-a-Service market is expected to post a CAGR of 48.96 percent during the period 2012-2016. The market is expected to post revenue of US$6.45 billion in 2016 according to TechNavio's report, the Global Platform-as-a-Service Market 2012-2016. PaaS has become an important component of the cloud computing architecture. Its rapid growth is having a positive impact on vendors providing PaaS solutions as well as on end-user organizations.