Growth of public cloud computing services is exceeding even earlier rosy predictions. Gartner now says
that computing services will grow by as much as 19.6 percent his year, reaching $109 billion. This compares to another recent competing analyst study from IDC
that estimates the public cloud market to reach $100 billion by 2016. Among the individual public cloud computing segments, the fastest growing is infrastructure as a service (IaaS), which is expected to grows by as much as 45.4 percent this year and is on target to reach $6.2 billion.
Software as a Service (SaaS) is expected to grow to $14.4 billion. But the biggest piece of the public cloud computing market is something that Gartner is calling Business processes as a Service (BPaaS) which accounts for 77 percent of the total public cloud market size or $84.2 billion. Cloud advertising is included as part of BPaaS which accounts for chunk of the BPaaS number.
, president of Veeam Software’s, told CRN
that “we do not see the evolution of the cloud slowing down any time soon and expect this management and security growth to continue over the next several years. As the cloud grows to a mammoth scale, cloud management and security services will naturally grow to match.”
, senior vice president and chief analyst at IDC, said
that ”The IT industry is in the midst of an important transformative period as companies invest in the technologies that will drive growth and innovation over the next two to three decades.”