The fastest growing segment of the market is infrastructure as a service (IaaS).
The cloud continues to grow.
The market for public cloud computing services will grow by 19.6 percent to hit $109 billion this year, according to Gartner figuresdetailed in our source article from The Business Standard.
The fastest growing segment of that is infrastructure as a service(IaaS) which is expected to jump by 45.4 per cent in 2012. Businessprocesses as a service (BPaaS) accounts for 77 per cent of the totalglobal cloud market and is forecast to hit $84.2 billion this year, upfrom $72 billion in 2011. Good old SaaS is expected to grow to $14.4billion this year.
Getting the word out there remains key to the growth of the cloudindustry: cloud advertising made up about 47 per cent of the totalpublic cloud services market in 2011, Gartner said.
North America is still the biggest market for public cloud but from nowuntil 2016 some of the highest growth regions will be India, Indonesia,China, Russia, Argentina, Mexico and Brazil.