Infrastructure as a Service (IaaS)
The challenging economic environment has increased pressure on IT departments to keep costs down. In this changing environment, businesses prefer not to spend on large, expensive physical equipment, hardware or servers which are used for different operations. Storage, hardware, servers and networking components, including the big expenses concerning their maintenance and periodic upgrade are now the service provider's concern, with the client paying only for what they require and when they require the same.
- The cloud computing marketplace will reach $16.7B in revenue by 2013, including the large and well-established software-as-a-service (SaaS) category, according to a research report by 451 Market Monitor, compared to a revenue of $8.7B in 2010.
- According to the Cloud Storage Market-Worldwide Forecasts & Analysis research report (that includes Cloud Storage Gateways, Backup & Recovery, Data Movement & Access, Data Replication,
Hsm & Archiving, Security And Storage Resource Management Solutions), published by MarketsandMarkets, the global cloud market is expected to grow from $5.6 billion in 2012 to $46.8 billion by 2013, at an estimated CAGR of 40.2% from 2013 to 2018.
- Cloud IaaS market to grow by 47.8% through 2015.
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