"Platform as a Service" (PaaS) offers developers a cloud-based environment to build, deploy, and manage applications without the complexity of underlying infrastructure. By providing pre-configured infrastructure, middleware, and development tools, PaaS enables faster application development. It allows developers to focus on writing code and developing functionalities rather than managing servers, storage, or networks. PaaS also supports various programming languages and frameworks, promoting collaboration among developers and teams, making it easier to deliver applications in a scalable and cost-effective manner.