Startling Fact: Size of Cloud Computing Market
January 23, 2010
Tucked into a story about IBM landing Panasonic as a customer for Lotus Notes was a startling fact. “The global cloud computing market is expected to grow at a compounded annual rate of 28 percent from $47 billion in 2008 to $126 billion by 2012, according to IBM based on various market estimates.” You can see this gem in context at “Panasonic Ushers in the Cloud Computing Era with IBM LotusLive”. That’s a heck of a number.
Stephen E Arnold, January 23, 2010
A freebie. I don’t know what federal agency is in charge of numbers without back up. Maybe OMB?
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This is the 2nd article I found today claiming Cloud Computing to be north of $120 Billion market. Seems a bit lofty – don’t you think? Besides, the key business driver for IT guy pulling their hair out to get on the Cloud band wagon in the 1st place is to reduce costs, improve efficiencies and syndicate the resource usage, so who’s going to pony up $120B anyway?