Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Ovum expects the market for public (externally hosted) cloud services to grow at a 29.4% annual...

  • Friday, September 30, 2011, 9:28 AM ET
    Ovum expects the market for public (externally hosted) cloud services to grow at a 29.4% annual rate from 2011 to 2016, eventually reaching a size of $66B. The markets for IaaS cloud solutions such as those from AMZN and RAX, and PaaS solutions such as CRM's Force.com, are expected to grow even faster. (also)
Track new comments on this story

This news story has 2 comments:

  •  
    Did we read the same article? The article says "In terms of the cloud computing service lines, software as a service (SaaS) will shrink from 87 percent of the market in 2011 to 62 percent in 2016 ". For those unfamiliar with jargon - CRM (aka Salesforce) is a SaaS.
    Amazona nd Google are different, they are cloud platform providers. These will grow,as the article states and I agree with that.
    I am tired of people who don't understand IT pushing momo stocks like CRM, just because they call themselves "cloud". There is a cloud and a cloud, you know?
    30 Sep 2011, 10:10 AM Reply Like
  •  
    The article also said the overall market will more than triple. If you assume CRM's SaaS business grows in line with the broader SaaS market, that still implies a doubling of sales. And then there's the Force.com PaaS business to take into account.
    30 Sep 2011, 10:14 AM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)

TECH ETFs IN FOCUS

Latest Tech Articles
More Latest Articles »