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Cloud computing, the recent buzz word in the internet market, in simple terms is the process of delivering hosted services through the internet. Though the concept is in its naïve stage, it is generating tremendous interest among users of all types, and has become a promising business opportunity to venture in and explore.Browse The Market Research Report of Cloud Computing Services Market :
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The cloud computing services market which is currently valued at USD 79.60 billion for the year 2011 is projected to grow steeply at a CAGR of 23.21% and reach a market size of USD 148.9 billion by year 2014. However, with rising competition and saturation and technology limitations, the market may see a drop in CAGR, but still grow at a CAGR of 8.39% and reach USD 205.48 USD by year 2018.
The cloud computing services market can be segmented broadly into three categories based on service types (*aaS). These can be:
SaaS (Software as a Service)
IaaS (Infrastructure as a Service)
PaaS (Platform as a Service)
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Among the three categories, SaaS is expected to grow the fastest followed by IaaS. The Saas market can be further segmented in categories such as: Cloud Security, Corporate and SMB SaaS Cloud services, and Mobile Corporate and SMB SaaS Cloud services. However, in the near future all the three segments are projected to experience healthy demand.
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