Cloud Computing Market Hot, But How Hot? Estimates are All Over the Map
There are reports that the dean of Silicon Valley venture capital firms, Kleiner Perkins Caufield & Byers, is very interested in cloud computing services, and may invest up to $100 million in the market this year. Bloomberg quotes partner Matt Murphy as indicating the VC firm’s partners “have talked about it, and are intrigued by the idea…. Companies’ comfort level and willingness to adopt the cloud is hitting an acceleration point. Now’s the most interesting time in the last 10 years to be investing in enterprise-based companies.”
Interesting time indeed. Market Research Media, cited in the Bloomberg report, says the cloud market will reach $270 billion in 2020. Forrester is a tad less optimistic, predicting last year that the market will hit $241 billion by that time. Visiongain projects the cloud services market will be worth some $83 billion by the year 2016. Research firm IDC says the market will hit about $55 billion by 2014. But analysts at HP are super-optimistic, estimating that the cloud computing market will hit $143 billion by next year. That’s a lot of billions — sooner or later, it will add up to real money…

