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Global Cloud Services Market to cross $109bn by 2012 - Gartner

Written By Unknown on Thursday, 20 September 2012 | 20.9.12

According to technology research firm, Gartner, worldwide public cloud services market is expected to grow at 19.6% to cross $109bn in 2012. Business Process Services (BPaas) segments accounts for 77% of the total market making it the largest segment with revenues of $84.2bn while Software as a service (SaaS) is the second largest segment with $14.2bn revenue in 2012. Infrastructure as a Service (IaaS) would be fastest growing segment with 45.4% growth rate in 2012.
North America followed by Western Europe would continue to remain as largest two geographical segments in terms of size while India, China and Indonesia are expected to post highest growth rates for cloud services market. Gartner predicts that global market size for cloud services would increase from $91.4bn in 2011 to 206.6bn in 2016.

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