Cloud Computing Services Market to Reach US$222.5 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Cloud Computing Services market. Cloud Computing Services market is projected to reach US$222.5 billion by the year 2015. Growth in the market is especially driven by factors such as an increased interest exhibited by companies on modernizing their enterprise networking infrastructure, proliferation of the Internet, and tough economic conditions, which reinforce the need to upgrade network infrastructure in a cost-effective, yet compelling way.

Cloud Computing: A Global Market Report

Against a background where companies are coerced into recalibrating their communication applications & network infrastructure into cost-effectively supporting distributed IT applications, the importance of cloud computing comes to the fore. As companies modernize their enterprise-networking infrastructure, driven by the need to remain competitive, and retain critical survival capabilities, such as, agility and flexibility in a fast changing marketplace, it is opportunities galore for technologies like cloud computing and virtualization, among others. Simplicity in implementation and low costs are prime factors driving adoption of clouds by large and small enterprises alike. The rise in the number and variety of vendor products/offerings in this space will additionally drive acceptance. Companies, which have already initiated "Virtualization", and Green IT efforts, are twice as likely to adopt cloud service, since cloud computing is the extended continuation of virtualization and green IT efforts. A logical transition from a virtual environment is migrating onto a private cloud where IT departments can centralize data center resources, which can be delivered in sync with changing business needs. From physical to virtual and then into the cloud is the new technology pathway for companies to assemble new IT solutions.

The recession is interestingly seen as the push factor, which will trip the market into the mass adoption stage. The economics of cloud is resulting in a rise in the adoption of cloud-based approaches to IT. The bad economy is feeding the Cloud Computing Services Market, as cash, and revenue starved companies prowl for IT solutions that are cost-effective, require minimum to zero investments, and low management of computing resources. At a period when budgets are being cut to the bone, open source as a concept is rapidly emerging to the forefront. The concept of open source as a business model, which is built upon the principle of pooling resources is expanding beyond the traditional software. With open source offerings improving by day to offer features, reliability, scalability, and usability on par with closed source systems, these solutions are emerging into lucrative buys for IT departments worldwide. The field of cloud computing is no exception to the open source trend. Open source cloud computing offers unrivalled levels of flexibility, cost savings, and ability to seamlessly integrate public and private cloud applications. Free and easy access to source code is the ace advantage wielded by open-source cloud-computing tools. These tools are designed to help companies' customize clouds to work in sync with commercial solutions.

Key players in this marketplace include 3tera Inc., Amazon Web Services LLC, Google Inc, IBM Corporation, Joyent Inc, Layered Technologies Inc, Microsoft Corporation, OpSource Inc, Rackspace Hosting Inc, Red Hat Inc, Inc, Skytap Inc, and Terremark Worldwide Inc

The report titled "Cloud Computing: A Global Market Report" announced by Global Industry Analysts, Inc., provides a review of noteworthy market trends, growth drivers and challenges. The report in addition also enumerates recent acquisitions, and other strategic industry activities. The report offers latent demand estimates and projections for world Cloud Computing Services market by service verticals, such as, Application Services, Business Process Services, and Infrastructure Services (Application Infrastructure and System Infrastructure).

For more details about this market research report, please visit -

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
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