{"id":10356,"date":"2014-03-05T00:31:47","date_gmt":"2014-03-05T00:31:47","guid":{"rendered":"http:\/\/www.cloudcomputing-news.net\/news\/2014\/mar\/05\/global-cloud-market-will-be-worth-121bn-next-year-report-finds\/"},"modified":"2014-03-05T00:31:47","modified_gmt":"2014-03-05T00:31:47","slug":"global-cloud-market-will-be-worth-121bn-by-next-year-report-finds","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/global-cloud-market-will-be-worth-121bn-by-next-year-report-finds\/","title":{"rendered":"Global cloud market will be worth $121bn by next year, report finds"},"content":{"rendered":"<p dir=\"ltr\"><span>A <\/span><span>recent report<\/span><span> from market research firm <\/span><span>Markets and Markets<\/span><span> reveals that the cloud market is expected to grow to $121 billion dollars by 2015: a 26% compound annual growth rate from the $37 billion value in 2010.<\/span><\/p>\n<p dir=\"ltr\"><span>A large proportion of the growth of the cloud services sector is being driven by rapid adoption of Software-as-a-service platforms, which are saving businesses on the cost of licensing, management, and deployment of software and hardware for productivity and collaboration.<\/span><\/p>\n<p dir=\"ltr\"><span>Infrastructure-as-a-service is also expected to grow rapidly as a platform on which businesses will host their own SaaS solutions and for other business critical infrastructure deployments.<\/span><\/p>\n<p dir=\"ltr\"><span>Much of the growth is being driven by larger companies that have previously been reluctant to invest in cloud infrastructure because of concerns of vendor lock-in, lax security, and the difficulty of developing cloud solutions that are tailored to their specific requirements.<\/span><\/p>\n<p dir=\"ltr\"><span>As the cloud sector &#8230;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report from market research firm Markets and Markets reveals that the cloud market is expected to grow to $121 billion dollars by 2015: a 26% compound annual growth rate from the $37 billion value in 2010.<br \/>\nA large proportion of the growth of t&#8230;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10356","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/10356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=10356"}],"version-history":[{"count":0,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/10356\/revisions"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=10356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=10356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=10356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}