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Consumer cloud to continue soaring says Gartner

Posted on 3/5/2013 by Sean McGrath

The public cloud market is set to reach $677 billion (£449.4 billion) over the next three years, says an industry analyst.

Technology research firm, Gartner, has said that it predicts the market to grow 18 per cent in in 2013, raking in $131 billion. Public cloud trends, such as hosted desktop services, are increasingly dictating private enterprise habits so CIOs will be watching closely as cloud services continue to evolve and grow.

In 2012, advertising made up 48 per cent of all cloud revenue said the cloud watchers. Cloud business process services (BPSaaS) commanded the second biggest share of the market, accounting for 28 per cent. Software as a Service (SaaS) made up 14.7 per cent while Infrastructure as a Service (IaaS) accounted for 5.5 per cent. Security and Platform as a Service (PaaS) made up the loose change.

IaaS was the fastest growing segment of the market, growing 42 per cent in 2012, reported said that the US market was on a different level to the rest of the world accounting for 59 per cent of all public cloud revenue. Although Europe and emerging markets are quickly mobilising to compete in the cloud, the report predicted that the US will continue to have the edge through to 2016.