Gartner: Public cloud market to grow 18.5% this year
February 28, 2013
Grazed from ComputerWorld. Author: Brandon Butler.
The global public cloud computing market will grow 18.5% in 2013 to $131 billion, up from $111 billion last year, research firm Gartner predicts. Through the next three years, cloud spending is predicted to total $677 billion, with almost half of that spending made up of cloud advertising.
While North America and Western Europe represent the two largest cloud computing markets, areas such as Asia/Pacific, Latin America and Eastern Europe represent smaller, but faster growing markets for cloud computing services. North America will be responsible for 59% of new cloud computing spending through 2016, with Western Europe accounting for 24%, Gartner says. The top segments of the cloud computing market this year break down as follows:…
Cloud advertising: 48%;
Business process as a service (BPaaS): 28%;
Software as a Service (SaaS): 14.7%;
Cloud systems infrastructure (IaaS): 5.5% (and fastest growing);
Management, security and automation: 2.8%;
Application development/Platform as a Service (PaaS): 1%…
Read more from the source @ http://computerworld.co.nz/news.nsf/technology/gartner-public-cloud-market-to-grow-185-this-year