TechSci Research Anticipates Phenomenal Growth for Global Cloud Computing Service Market10 Sep 2010 • by Natalie Aster
In its recently published market research report “Global Cloud Computing Services Market Outlook 2014”, TechSci Research anticipates phenomenal growth for the global cloud computing services market. As per the report, the market will be driven by the rapid adoption of cloud computing services by organizations across U.S and Europe. The market is expected to grow more than double by 2014 from an estimated size of US$ 20 Billion in 2009.
Cloud computing services have witnessed phenomenal growth in recent years, driven mainly by the cost-effective solutions it offers to complex business demands. The cloud architecture allows existing in-house IT infrastructure to seamlessly interface with multiple service providers. In addition, cloud computing provides organizations the ability to work in a highly competitive business environment by retrieving IT resources from remote locations with minimal integration issues related to compatibility.
In the opinion of G. Krishnamurthy, CEO at TechSci Research the cloud computing services model has the potential to significantly change the traditional way of offering services and applications over the next decade. The emerging concept of virtual datacenters to store information, along with the availability of multiple applications on a single platform,will attract organizations towards the cloud computing services framework.
“Global Cloud Computing Services Market Outlook 2014” has evaluated business and non-business issues related to the cloud computing services market worldwide. This study gives an impartial and unbiased view on various aspects of the cloud computing services market and helps readers get a complete overview on latest trends, market potential, infrastructure and delivery models related to this industry. This study by TechSci Research will definitely help consultants, cloud computing service providers, IT infrastructure vendors, and business managers to identify market opportunities. It will enable these people to be involved in market-centric decision-making processes.