Report: Cloud Computing Market Revenue to Approach $20 Billion by End of 2016
According to a new 451 Research study, demand for public cloud computing services remains strong, but adoption hurdles persists.
Market Monitor, a service of 451 Research, projects that cloud market revenue will increase at a 36% compound annual growth rate (CAGR), putting the cloud computing market just shy of $20 billion at the end of 2016.
The recently published Cloud as-a-Service overview report provides current market size and five-year growth rates for the infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and infrastructure software-as-a-service (SaaS) segments; a competitive landscape analysis for each category; and forecasts for revenue generated by 309 cloud-services providers and technology vendors across 14 sectors.