MarketsandMarkets: Global Cloud Computing Market to Reach US$ 121.1 Billion by 2015

DALLAS, October 11, 2010 - The 'Global cloud computing market: global forecast (2010 - 2015)'
analyzes the cloud computing market by services and deployment model and
studies the major market drivers, restraints, and opportunities for the cloud
computing market in the U.S., Europe, and Asia.

Browse market data tables and in-depth TOC on Cloud computing market:
Global Forecast.

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Cloud computing delivers software, platform, and IT infrastructure
services via a shared network. In this model, businesses access resources
such as hosted software and applications remotely, i.e., via the internet.
The model not only obviates the need for making capital investments in
servers and storage, but also results in zero operational expenses for
running data centers.

The global cloud computing market is expected to grow from $37.8 billion
in 2010 to $121.1 billion in 2015 at a CAGR of 26.2% from 2010 to 2015. SaaS
is the largest contributor in the cloud computing services market, accounting
for 73% of the market's revenues 2010.

Cloud computing not only reduces business costs, but also makes
applications accessible from any location, and reacts swiftly to changes in
business needs. While interoperability and data security issues may hinder
market growth, the future of cloud computing seems promising with IT giants
such as IBM, Google, Microsoft, and Salesforce.com actively developing new
solutions to address existing issues.

Scope of the report

This research report categorizes the global cloud computing
market on the basis of service, deployment model and geography; forecasting
revenues and analyzing trends in each of the following submarkets:

    - On the basis of service: Infrastructure as a service (IaaS), Platform
      as a service (PaaS), and Software as a service (SaaS)

    - On the basis of deployment model: Private cloud, Public cloud, and
      Hybrid Cloud

    - On the basis of geography: U.S., Europe, and Asia

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