TechNavio's analysts forecast the Global Enterprise PaaS market to grow at a CAGR of 56.65 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need to reduce total cost of ownership. The Global Enterprise PaaS market has also been witnessing the increasing adoption of PaaS during the economic downturn. However, the increasing concern about data security could pose a challenge to the growth of this market.