The global cloud computing market will see a six-fold growth over the next 10 years
The global cloud computing market will see a six-fold growth over the next 10 years, an analyst report has predicted.
The report - titled Sizing The Cloud - by market research firm Forrester expects cloud computing sales worldwide to rise from $40.7 billion (£24.7bn) in 2011 to $241bn in 2020.
According to the report, software-as-a-service (SaaS) offers the largest and most sustainable growth opportunity.
However, the report predicts that the infrastructure-as-a-service (IaaS) market will peak at $5.9 billion in 2014 before shrinking as a result of the onset of commoditisation and price deterioration.
The report examined the three core layers of cloud - public, virtual private and private - to predict the future size of 12 cloud segments over the next decade.
Stefan Ried, co-author of the report, wrote in a blog post: "Each year, it gets harder to make clear-cut distinctions, based on technology, between what is a cloud and what is simply a virtualised datacentre or a traditional hosting provider.
"Therefore, Forrester decided to focus instead on the major disruption in the IT industry that cloud computing is bringing about: disruption based not on technology but on the business model under which IT operates."
Copyright Press Association 2011