The fastest growing business under the public cloud umbrella is Infrastructure-as-a-service, which is expected to increase in value by nearly 50 per cent in 2012
The cloud continues to grow.
The market for public cloud computing services will grow by 19.6 per cent to hit $109 billion this year, according to Gartner figures detailed in our source article from The Business Standard.
The fastest growing segment of that is infrastructure as a service (IaaS) which is expected to jump by 45.4 per cent in 2012. Business processes as a service (BPaaS) accounts for 77 per cent of the total global cloud market and is forecast to hit $84.2 billion this year, up from $72 billion in 2011. Good old SaaS is expected to grow to $14.4 billion this year.
Getting the word out there remains key to the growth of the cloud industry: cloud advertising made up about 47 per cent of the total public cloud services market in 2011, Gartner said.
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