Weekly News Kick Off: Global PaaS Market to Reach $8B by 2020 - (Archived)

Welcome to the weekly news kick off. It seems like cybersecurity is dominating the news again this week, but we found a few other interesting items as well. The Platform as a Service market is poised to grow significantly and NVTC outlines policy initiatives that will bolster Virginia’s tech, science and energy sectors. Enjoy these highlights.

Global Platform-as-a-Service Market to Reach $8B by 2020
A new report predicts the global platform-as-a-service (PaaS) market will grow to $7.98 billion by 2020. The figure represents a 25.7 percent compound annual growth rate, up from a market size of $1.60 billion in 2013, Research and Markets said. The firm attributes the PaaS market growth to the pay-per-use features PaaS providers offer.

DoD Releases Updated Instruction for Acquisitions System
The Defense Department’s top acquisitions official has released a new version of the acquisitions corps’ guiding document: Department of Defense Instruction 5000.02, Operation of the Defense Acquisition System, DoD News reported. The updated instruction cancels the interim version that was implemented Nov. 25, 2013, Frank Kendall, Undersecretary of Defense for Acquisition, Technology and Logistics, said in a memorandum accompanying the release. More than ever, the new instruction emphasizes that acquisitions programs should be tailored to the product being acquired, Kendall wrote.

Power Struggle on Internet Affecting Sovereignty
A recent National Committee on American Foreign Policy report states that some modern societies are leveraging the Internet as a tool to influence or assert their power and interests over others and undermine sovereignty. The report, published in a 2014 issue of NCAFP’s American Foreign Policy Interests journal, points to connected choices across economic, political, social, technical and regulatory sectors as an embodiment of the Internet power struggle, Executive Gov reported.

James Comey Backs FBI’s North Korea-Linked Sony Hack Findings
FBI Director James Comey is confident of the agency’s evidence linking the North Korean government to a destructive hack at Sony Pictures Entertainment in late 2014, Wired Magazine reported. Comey said the hackers failed to use proxy servers on multiple occasions to mask their Internet protocol addresses when they broke into Sony’s computer systems.

NVTC Calls on State Lawmakers to Back Tech Initiatives
The Northern Virginia Technology Council (NVTC) released its legislative agenda in a letter dated Jan. 6, outlining four main policy proposals that executives say will help bolster Virginia’s technology, life sciences and energy sectors. The trade association has called upon the general assembly to increase state funding for start-ups and continue tax breaks for investors, among other initiatives, as lawmakers head to Richmond next week, the Washington Post reported.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

© 2020 Market Connections, Inc.  All rights reserved. Privacy Policy