Forbes: Cloud Computing Is No Fad

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Steve Hilton, 07.12.10, 12:30 PM EDT

The global market for these services is expected to triple by 2015.

The global market for enterprise cloud-based services will grow from $12.1 billion in 2010 to $35.6 billion in 2015 (see Figure 1). The year-on-year growth rate will be 43% in 2011, but will decrease to 13% over the next five years. Software-as-a-service (SaaS) will account for 70% of revenue in 2010, while 30% will be related to infrastructure-as-a-service (IaaS). This revenue split will change over the next five years, as IaaS’s share increases to 40%.

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