February 8, 2011
IDC: Cloud Computing Is $30B Industry
By Brandon Butler
In the next four years public IT cloud services will grow by more than 20 percent to become a $30 billion industry, Framingham-based International Data Corp. predicts.
Professional services businesses mark the "sweet spot" for public IT cloud services, IDC said, because of the many midsized companies that are information-dependent.
Meanwhile, the services and distribution sectors, which include retail, wholesale and transportation services, currently makes up the largest share of public IT cloud services at $3 billion and that sector is expected to grow to $8.5 billion by 2014.
Public IT cloud services, unlike private IT cloud services, are browser-based and are not as secure as private, dedicated cloud infrastructure.
WBJ Web Partners
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