San Francisco, CA (PRWEB) November 11, 2010
The cloud computing marketplace will reach $16.7bn in revenue by 2013, according to a new report from the 451 Market Monitor, a market-sizing and forecasting service from The 451 Group, a leading independent IT research and analyst organization. Including the large and well-established software-as-a-service (SaaS) category, cloud computing will grow from revenue of $8.7bn in 2010 to $16.7bn in 2013, a compound annual growth rate (CAGR) of 24%.
The core cloud computing market will grow at much more rapid pace as the cloud increasingly becomes a mainstream IT strategy embraced by corporate enterprises and government agencies. Excluding SaaS revenue, cloud-delivered platform and infrastructure services will grow from $964m in revenue in 2010 to $3.9bn 2013 – a CAGR of 60% – the report said. The core market includes platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) offerings, as well as the cloud-delivered software used to build and manage a cloud environment, which The 451 Group calls 'software infrastructure as a service' (SIaaS).
Cloud-based storage will play a starring role in cloud growth, accounting for nearly 40% of the core cloud pie in 2010. "We view storage as the most fertile sector, and predict that cloud storage will experience the strongest growth in the cloud platforms segment," the report says.
About The 451 Group
The 451 Group is an independent technology-industry analyst company focused on the business of enterprise IT innovation. The company's analysts provide critical and timely insight into the market and competitive dynamics of innovation in emerging technology segments. Clients of the company – at vendor, investor, service-provider and end-user organizations – rely on The 451 Group's insight to support both strategic and tactical decision-making for competitive advantage.
The 451 Group also operates Tier1 Research and The Uptime Institute. Tier1 Research is an independent division of The 451 Group that analyzes the financial and industry implications of developments impacting public and private companies within the hosting, communications and Internet infrastructure sectors. The Uptime Institute provides education, publications, consulting, certifications, conferences and seminars, as well as independent research and thought leadership, for the enterprise datacenter industry and for datacenter professionals.
The 451 Group is headquartered in New York, with offices in key locations including San Francisco, Washington, D.C., London and Boston.
For additional information on The 451 Group or to apply for trial access to its services, go to: http://www.the451group.com or http://www.tier1research.com. For additional information on The Uptime Institute and its services, go to http://www.uptimeinstitute.org.
Media contact: Tim Miller, Vice President and General Manager, Financial Markets (415) 989-1555 x110