Home / News / Cloud Computing Market to Reach $21.6 Billion by 2018

Cloud Computing Market to Reach $21.6 Billion by 2018

By DE Editors

The cloud computing market currently consists overwhelmingly of private clouds because of security concerns of large organizations, according to a report from WinterGreen Research.
 
Although the cloud-based services market is still in the development stage, big companies such as Wal-Mart are driving the market as early adopters, Susan Eustice, president and CEO of WinterGreen Research, said in a video interview with Market Analyst.
 
A 690-page study, titled “Cloud Office and Collaboration Productivity Applications: Markets Reach $21.6 Billion by 2018,” is available from Market Analyst. The study, conducted by WinterGreen Research, includes more than 175 tables and figures.
 
Eustice predicts small- and medium-sized businesses will also migrate to cloud-based services as a way of controlling rapidly increasing IT costs. IBM and Salesforce.com, she noted, are market leaders in offering Software-as-a-Service (SaaS), but Eustice predicted that Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) will also evolve as cloud offerings.

For more information, visit Market Analyst and WinterGreen Research.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

About DE Editors

DE's editors contribute news and new product announcements to Desktop Engineering. Press releases can be sent to them via DE-Editors@deskeng.com.