Seeking Alpha

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

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, are expected to grow even faster. (also)
Comments (2)
  • inthemoney
    , contributor
    Comments (981) | Send Message
    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
  • SA Editor Eric Jhonsa
    , contributor
    Comments (952) | Send Message
    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 PaaS business to take into account.
    30 Sep 2011, 10:14 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs