Cloud Computing Market Size and Future of Cloud Computing

An Interesting points I learn from different source over the internet about Cloud computing are

• According to a recent study conducted by Forbes, the worldwide market for enterprise cloud-based services may grow from $12.1 billion in 2010 to $35.6 billion in 2015. 
• The year by yea rate of growth will be 43% in 2011, but will decrease to 13% over the next five years. 
• Software-as-a-service (SaaS) will take into account 70% of revenue this year, while 30% will be associated with Infrastructure-as-a-service (laaS). 
• Another report by IDC states worldwide revenue from public IT cloud services exceeded $16 billion in the year 2009 and it is forecasted to achieve $55.5 billion in 2014, representing a compound annual rate of growth (CAGR) of 27.4 percent. 

From the above figures we can understand how the cloud computing technologies grow by 2015 and its imapct on market.