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Global cloud services market revenues are expected to hit $82 billion by 2016


26/01/2012

By Marcus Leach

Cloud products and services were in abundance at International CES 2012, due to the increasing demand for easy to use, flexible, and high availability solutions for accessing information.

In three separate reports, Strategy Analytics covers global cloud services, with detailed forecasts and analysis of opportunities and challenges in this rapidly expanding market, including:

- Software as a Service (SaaS);
- Infrastructure as a Service (IaaS); and
- Platform as a Service (PaaS).

The Strategy Analytics Extended Enterprise Software Strategies (EESS) service report, Global Cloud Computing Services Forecast and Analysis: Software, Infrastructure and Platform Development as a Service Move to the Mainstream shows that cloud services have achieved mainstream status, as demonstrated by the proliferation and diversity of cloud offerings.

Additionally, significant expenditure for cloud based services is expected to grow from $31 Billion in 2011 to $82 Billion by 2016.

“With demonstrated cost savings and diminished security fears, all three types of cloud services–SaaS, IaaS and PaaS–are growing rapidly due to cloud computing’s cost saving opportunities and diminished security concerns," Andrew Brown, Director, Enterprise Practice, said.

"Cloud computing offers compelling alternatives to CEOs, CFOs and operations managers who are reviewing IT and data center budgets.”

Co-author, Sue Rudd, Director, Service Provider Analysis, notes that “mobile operators now have an opening to generate significant revenue through offers of more secure road warrior applications. Proprietary corporate information–long vulnerable to security breaches because of lost smartphones and mobile PCs–will be less vulnerable with appropriate cloud programs. By hosting mobile applications in the cloud, mobile operators can help CIOs increase security and return wireless applications back under IT control.”

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