The cloud continues to grow.
The market for public cloud computing services will grow by 19.6 per cent to hit $109 billion this year, according to Gartner figures detailed in our source article from The Business Standard.
The fastest growing segment of that is infrastructure as a service (IaaS) which is expected to jump by 45.4 per cent in 2012. Business processes as a service (BPaaS) accounts for 77 per cent of the total global cloud market and is forecast to hit $84.2 billion this year, up from $72 billion in 2011. Good old SaaS is expected to grow to $14.4 billion this year.
IaaS is the fastest growing segment of the public cloud market, Gartner says. (Photo: Shutterstock)
Getting the word out there remains key to the growth of the cloud industry: cloud advertising made up about 47 per cent of the total public cloud services market in 2011, Gartner said.
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