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Growth predicted for cloud market

Cloud computing will represent 30% of UK software spending by 2020

Market experts have predicted that cloud computing will represent 30% of UK software spending by 2020.

According to a study by TechMarketView, the country's cloud software market will expand by about two-thirds this year and will grow further in 2012.

The transition to cloud computing is expected to be driven by email software, business applications and collaboration software.

Businesses that are yet to adopt cloud computing are advised to include the platform in their expansion strategies to reap its benefits.

The researchers have also predicted growth for the software as a service (SaaS) and platform as a service (PaaS) markets over the coming months.

Meanwhile, another study by analyst Gartner also indicated that PaaS will record a strong growth in 2011.

The reports highlight the growing popularity of cloud computing among businesses, mainly because of its cost-effective features, while adoption of the model also promises to help create new jobs.

Copyright Press Association 2011

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