Cloud Computing Market Size, Growth in 2012 And Beyond

Cloud Services market could reach $109B by end of 2012, according to a new report released recently by Gartner. This is about a 20% year-over-year growth. The fastest growing segment of this market is IaaS (Infrastructure as a Service) with 45% growth. Business Process as a Service (BPaaS) accounts for 77% percent of the market and is forecast to grow to $84.2 billion in 2012. Also, cloud advertising would continue to account for about 47 percent of total public cloud services spending through 2016, the market research firm added. eWeek.com,

Source: yassimoghaddam.com