Monday, 17 November 2014

Cloud services market to reach $200 bn in 2018; Google, IBM, Amazon lead

Infonetics Research said on 12 November that Google, IBM and Amazon lead the Cloud services market that the firm forecasts will reach $200 billion by 2018.
Software as a service (SaaS) represents more than 2/5 of all off-premise cloud service revenue out to 2018.
North America, where off-premise cloud services started, will remain the lead market through at least 2018.
The report said Google is the market share leader for CaaS and PaaS, while IBM is leading in the SaaS market and Amazon tops in IaaS.
 “We continue to see new tools to automate data centers and technology for developers appear in the market, driving innovation around cloud as a service (CaaS) and platform as a service (PaaS), the revenue growth engines for off-premises cloud services,” said Cliff Grossner, directing analyst for data center, cloud, and SDN at Infonetics Research.
The report noted that the move to hybrid cloud architectures fuels the adoption of CaaS as enterprises migrate their on-premises data centers to a cloud architecture, where servers, storage, and networks are virtualized and applications are automatically deployed by data center orchestration software.

Sourcehttp://cablequest.org/news/technology-news/item/6111-cloud-services-market-to-reach-$200-bn-in-2018-google,-ibm,-amazon-lead.html

Source: http://cablequest.org/news/technology-news/item/6111-cloud-services-market-to-reach-$200-bn-in-2018-google,-ibm,-amazon-lead.html

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