Report: Cloud Computing Worth More Than $82 Billion by 2016 -- Security Today

Report: Cloud Computing Worth More Than $82 Billion by 2016

Jul 14, 2011

Visiongain's latest report entitled "Cloud:Moving into the Realm of an Essential IT Strategy," examines the fast-growing cloud services market.The research shows that more than 30 percent of enterprises worldwide are deploying at least one cloud solution. The report looks at the state of enterprise cloud market and how businesses can leverage cloud services to cut-costs, improve efficiency, and drive innovation within their organization.

The cloud services market is thriving with numerous offerings from a spate of diverse vendors. This dynamic market is quickly maturing and presenting a number of market opportunities for vendors and businesses alike. The broad variety of innovative solutions in software, platforms and infrastructure means that there is a cloud service available for many different business demands, ranging from simple off-site data storage to more complex software development on cloud platforms.

The report helps businesses find their way around a vast and increasingly populated market by presenting a comprehensive breakdown of the current vendor landscape in the three major cloud services: SaaS (Software-as-a-Service), PaaS (Platform-as-a-Service) and IaaS (Infrastructure-as-a-Service). The research will help businesses better understand the different services on offer and the suitability of each service type and deployment model to specific business needs. Readers will discover the key drivers and advantages as well as the limitations of cloud infrastructures.

It analyses the current enterprise cloud services markets in North America, Europe, Latin America, and the Asia-Pacific region.

SaaS services represent the largest share of the cloud services market, representing 69 percent of all services in 2011. The popularity of SaaS services is driving increased interest in IaaS and PaaS services as businesses become more comfortable with the cloud. Awareness of data protection legislation, terms and conditions of SLA (Service Level Agreements) and a better understanding of the nature of cloud services is shaping the cloud ecosystem and paving the way for market consolidation. This report offers an overview of the key players in the different cloud submarkets and their service offerings.

The report gives a holistic view of cloud computing and its relevance to the business segment, with a critical analysis of how companies can effectively leverage the cloud to best suit their needs. The report looks at established, emerging and innovating vendors, their different offerings, and the current and future value of the cloud market on a global and regional level.

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