Cloud computing spending: Miniscule, but fast growing
Grazed from ZDNet. Author: Steve Ranger.
Despite the hype, cloud computing is still a tiny proportion of overall IT spending, although it is likely to grow fast.
According to analysts TechMarketView, the UK market for cloud computing reached £1.2bn in 2011, 38 percent higher than the previous year. The analysts expect cloud-computing revenues to grow by 35 percent each year to reach £3.9bn by 2015.
That sounds like a lot of money, until you realise this means that cloud accounted for a mere two percent of the UK software and IT services market in 2011. Rapid growth will see cloud build to nine percent of the market in 2015, however…

