Home » Study: Cloud computing market to reach $21.6 billion by 2018

Study: Cloud computing market to reach $21.6 billion by 2018

FALLS CHURCH, Va. (Aug. 31, 2012) — The much talked about cloud computing market currently consists overwhelmingly of private clouds because of security concerns of large organizations, according to a video recently released by Market Analyst LLC, a distributor of market research.

Although the cloud-based services market is still, generally speaking, in the development stage, big companies such as Wal-Mart are driving the market as early adopters, said Susan Esutice, president and CEO of WinterGreen Research, in the video interview with Market Analyst.

A 690-page study, titled, “Cloud Office and Collaboration Productivity Applications — Markets Reach $21.6 Billion by 2018,” is available from Market Analyst. The study was conducted by WinterGreen Research.

Eustice predicts small- and medium-sized businesses also will migrate to cloud-based services as a way of controlling rapidly increasing IT costs. IBM and Salesforce.com, she noted, are market leaders in offering Software-as-a-Service (SaaS), but Eustice predicted that Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) also will evolve as cloud offerings.

For more information, visit www.marketanalyst.net.