Swelling Business Volume Of Cloud Computing Business Across the Globe

Grazed from CloudTweaks. Author: Walter Bailey.

Many research and studies verify the fact that the volume of the cloud computing business is swelling exponentially across the globe – the growth rates are unprecedented and unexpectedly high. Among such reliable studies, Gartner research and Market Research Media group a few to name – from the results of these studies, it has been found that the growth rate of the volume of business based on cloud computing is much more than the expected.

Forrester Research reveals that the volume of cloud computing business would reach $241 billion in the year 2020 – which is many times the existing market of $41 billion in the year 2011. The investment in this field of the business is much more than expected during the past few years – meanwhile, it is also being predicted that the investment in future would be much more than previous estimations…

The results found in the study of Gartner research suggest that the volume of cloud based business would reach about $148.8 billion by the 2014 – this estimation is even more than that predicted by Forrester Research Company. The company also reveals that the major portion of this growth would take place in the public cloud and there would be a very little volume of $15.9 billion in the section of companies licensing software by the year 2020…

Read more from the source @ http://www.cloudtweaks.com/2013/02/swelling-business-volume-of-cloud-computing-business-across-the-globe/