The cloud movement is about much more than the service offerings. It’s a core ingredient of a larger commercial transformation movement – where savvy leaders are using business technology to advance their operations and accelerate their key processes.

According to the latest market study by International Data Corporation (IDC), worldwide spending on hosted private cloud (HPC) services will be more than $24 billion in 2016. IDC says that they define HPC as an operational model for deploying computing infrastructure services of many types via the cloud.

IDC forecasts that HPC spending will experience a compound annual growth rate of more than 50 percent during the 2012-2016 period, as companies look to managed cloud services in its various forms as a means to transform the ‘how’ of what they provide to their customers.

Evolution of Public and Private Cloud Models

IDC believes that hosted private cloud offerings will become the backbone …