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Cloud Computing is expected to become the driving force of information technology to revolutionize the future. Presently number of companies is trying to adopt this new technology either as service providers, enablers or vendors. In this way the cloud market is estimated be likely to emerge at a remarkable rate. Under the whole cloud umbrella, PaaS seems to have a relatively small market share. However, it is expected to offer much more as it is compared with its counterparts SaaS and IaaS. This paper is aimed to assess and analyze the future of PaaS technology. Year 2018 named as 'the year of PaaS'. It means that PaaS technology has established strong roots and ready to hit the market with better technology services. This research will discuss future PaaS market trends, growth and business competitors. In the current dynamic era, several companies in the market are offering PaaS services. This research will also outline some of the top service providers (proprietary & open source) to discuss their current technology status and present a futuristic look into their services and business strategies. Analysis of the present and future PaaS technology infrastructure will also be a major discussion in this paper.