Wednesday, June 23, 2010

Cloud Computing Services Market To Near $150 Billion In 2014

Global cloud computing services revenue is expected to hit $148.8 billion come 2014, representing a monster market opportunity for solution providers, according to recent Gartner research.

That massive boom in the cloud computing services market comes as cloud services are expected to hit $68.3 billion this year, a dramatic 16.6 percent rise compared to 2009 cloud services revenue, which was $58.6 billion.

"We are seeing an acceleration of adoption of cloud computing and cloud services among enterprises and an explosion of supply-side activity as technology providers maneuver to exploit the growing commercial opportunity," Ben Pring, research vice president at Gartner, said in a statement. "The scale of application deployments is growing; multi-thousand-seat deals are increasingly common. IT managers are thinking strategically about cloud service deployments; more-progressive enterprises are thinking through what their IT operations will look like in a world of increasing cloud service leverage. This was highly unusual a year ago."

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