Magic Quadrant for Cloud Application Platforms
Vendors or products added in this year’s report may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were added in this report.
Vendors or products dropped from one year to the next may indicate a change in the market, change in evaluation criteria, or change of focus by the vendor.
No vendors were dropped in this report.
This is the first year of the Magic Quadrant for Cloud Application Platforms. The cloud application platforms market reflects the consolidation of technologies across deployment, scalability, security and observability of applications to streamline software delivery. The market exceeded $3 billion revenue in 2023, with worldwide spending growing at a double-digit, year-over-year rate of 14.4%. This market is projected to exceed the $5.4 billion revenue mark by 2028, at a five-year CAGR of 12.1% from 2023 through 2028 in constant currency.
A: This is the inaugural Magic Quadrant for Cloud Application Platforms, representing Gartner's expanded coverage of this market. There has been a renewed surge of interest driven by the rise of cloud-native applications, Kubernetes complexity and the growing importance of serverless architectures, DevOps, security and AI. Vendors were evaluated based on their ability to provide cloud-based managed application runtime environments, integrated application life cycle management capabilities, and support for distributed application deployments with cloud-style operations.