Global Cloud Computing Services Market 2008-201221 Oct 2009 • by Natalie Aster
TechNavio Insights announces this week the release of the report “Global Cloud Computing Services Market 2008-2012.”
“Cloud Computing applications are faster, simpler and cheaper to use as there is no involvement of capital requirement for servers & storage and operational expenses for running data center,” says one of the TechNavio experts.
According to TechNavio, The global market for cloud computing was $17.3 billion in 2008, and is forecast to reach $43.2 billion by 2012; thus, growing at a CAGR of 25.7 percent.
The report “Global Cloud Computing Services Market 2008-2012” comprises market size of enterprise cloud computing applications delivered as service, infrastructure cloud services such as storage, and virtual web hosting. It also showcases trends such as governments contemplating upon shifting to cloud computing due to reasons like the mounting costs of managing data centres on premise solutions and focus towards energy efficient processes.
For further information about this report, such as the key growth drivers, market trends and challenges of the Global Cloud Computing Services Market, as well as some of the key vendors of this market, please visit – “Global Cloud Computing Services Market 2008-2012.”