Public Cloud Services Market Growing Faster Than Expected
September 21, 2012
Grazed from eWeek. Author: Chris Preimesberger.
The subscription Web services market is now forecast to grow 19.6 percent in 2012 to total $109 billion worldwide, up from projections of 12 percent to 15 percent. IT researcher Gartner reported Sept. 19 that the global appetite for public cloud services is ramping up faster than it and other analysts expected.
The subscription Web services market is now forecast to grow 19.6 percent in 2012 to total $109 billion worldwide, Gartner said in a report. Business process services (also known as business process as a service, or BPaaS) represent the largest segment, accounting for about 77 percent of the total market…
Past studies had shown that cloud services were projected to grow at between 12 percent and 15 percent in 2012, with expected increases in 2013 through 2015. As has been reported here in eWEEK previously, infrastructure as a service (IaaS) is the fastest-growing segment of the public cloud services market; that sector is expected to grow a whopping 45.4 percent in 2012…
Read more from the source @ http://www.eweek.com/c/a/Cloud-Computing/Public-Cloud-Services-Market-Growing-Faster-Than-Expected-Gartner-632878/