Value of Cloud Computing in 2016: $82.9 Billion

More than 30 percent of enterprises worldwide are deploying at least one cloud solution, according to a new survey by Visiongain. The IT analytics and media specialist’s latest report, titled "Cloud: Moving into the Realm of an Essential IT Strategy," examines the fast-growing cloud services market and looks at the state of enterprise cloud market and how businesses can leverage cloud services to cut costs, improve efficiency and drive innovation within their organization.

The report noted the cloud services market is thriving with numerous offerings from a spate of diverse vendors. This dynamic market is quickly maturing and presenting a number of market opportunities for vendors and businesses alike, the report said. The broad variety of innovative solutions in software, platforms and infrastructure means that there is a cloud service available for many different business demands, ranging from simple off-site data storage to more complex software development on cloud platforms.

The Visiongain report was written to help businesses find their way around a large and increasingly populated market by presenting a breakdown of the current vendor landscape in the three major cloud services: SaaS (software-as-a-service), PaaS (platform-as-a-service) and IaaS (infrastructure-as-a-service). The company said the research will help businesses better understand the different services and the suitability of the each service type and deployment model to specific business needs.

The report analyzes the current enterprise cloud services markets in North America, Europe, Latin America and the Asia-Pacific region. SaaS services represent the largest share of the cloud services market, representing 69 percent of all services in 2011. The popularity of SaaS services is driving increased interest in IaaS and PaaS services as businesses become more comfortable with the cloud.

To read the original eWeek article, click here: Cloud Computing Worth $82.9 Billion in 2016

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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