Technology research services firm Gartner, Inc., US, has released forecasts for worldwide cloud services, according to which revenue from these services are expected to reach $68.3 billion in 2010. That would mark a 16.6 percent increase from 2009 revenue of $58.6 billion. Also, the industry is poised for strong growth through 2014, when worldwide cloud services revenue is projected to reach $148.8 billion.
Gartner estimates that, over the course of the next five years, enterprises will spend $112 billion cumulatively on software as a service (SaaS), platform as a service (PaaS), and infrastructure as a service (IaaS), combined.
Cloud computing is seen to have become more material because the challenges inherent in managing technology based on the principles of previous eras - complex, custom, expensive solutions managed by large in-house IT teams - have become greater. Further, the benefits of cloud computing in addressing these challenges have matured to become more appropriate and attractive to all types of enterprises, according to Gartner representatives.
The US share of the worldwide cloud services market was 60 percent in 2009 and will be 58 percent in 2010. By 2014, this will be diluted to 50 percent as other countries and regions begin to adopt cloud services in more-significant volumes. Western Europe is expected to account for 23.8 percent of the cloud services market in 2010, and Japan will represent 10 percent. In 2014, the UK is forecast to account for 29 percent of the market, while Japan will represent 12 percent of cloud services revenue.
In industry terms, the financial services and manufacturing industries are the largest early adopters of cloud services. Communications and high-tech industries are also leveraging the cloud in significant volume, while the public sector is also clearly interested in the potential of cloud services and its share of the overall market.
The Gartner report 'Forecast: Public Cloud Services, Worldwide and Regions, Industry Sectors, 2009-2014' is available on Gartner's website at http://www.gartner.com/resId=1378513.
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