Cloud Computing Market (IaaS, PaaS, SaaS) To Reach $121.1 Billion By 2015 – New Report By MarketsandMarkets
(PRWEB) - The "Global cloud computing market: global forecast (2010 – 2015)" analyzes the cloud computing market by services and deployment model and studies the major market drivers, restraints, and opportunities for the cloud computing market in the U.S., Europe, and Asia.
Browse market data tables and in-depth TOC on "Cloud computing market."
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Cloud computing delivers software, platform, and IT infrastructure services via a shared network. In this model, businesses access resources such as hosted software and applications remotely, i.e., via the internet. The model not only obviates the need for making capital investments in servers and storage, but also results in zero operational expenses for running data centers.
The global cloud computing market is expected to grow from $37.8 billion in 2010 to $121.1 billion in 2015 at a CAGR of 26.2% from 2010 to 2015. SaaS is the largest contributor in the cloud computing services market, accounting for 73% of the market’s revenues 2010.
Cloud computing not only reduces business costs, but also makes applications accessible from any location, and reacts swiftly to changes in business needs. While interoperability and data security issues may hinder market growth, the future of cloud computing seems promising with IT giants such as IBM, Google, Microsoft, and Salesforce.com actively developing new solutions to address existing issues.
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