Global public cloud market to hit $109 billion in 2012: Gartner

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.

IaaS is the fastest growingsegment of the public cloud market, Gartner says. (Photo: Shutterstock)

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.

Source | BusinessStandard

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Jim Love, Chief Content Officer, IT World Canada

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Christine Wong
Christine Wonghttp://www.itbusiness.ca
Christine Wong has been an on-air reporter for a national daily show on Rogers TV and at High Tech TV, a weekly news magazine on CTV's Ottawa affiliate. She was also an associate producer at Report On Business Television (now called BNN) and CBC's The Hour With George Stroumboulopoulos. As an associate producer at Slice TV, she helped launch two national daily talk shows, The Mom Show and Three Takes. Recently, she was a Staff Writer at ITBusiness.ca and is now a freelance contributor.

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