Infrastructure as a Service to Grow to Reach $4 Billion by 2015

The cloud is a set of services and technologies that enable the delivery of computing services over the Internet in real time, allowing end-users instant access to data and applications from any device with Internet access. Although still in its infancy, gaining traction has not been a problem. New In-Stat (www.in-stat.com) research,Cloud Computing and Managed Hosted Services: US Business Spending by Size of Business and Vertical, 2010-2015, forecasts that IaaS (infrastructure as a service) is set to grow to roughly $4 billion by 2015.

“Growth is expected in all public cloud service segments,” says Greg Potter, Analyst. “Many SaaS (software-as-a-service) applications have been around for a long time, but only now since the advent of entire platforms for applications, such as Google Apps and Force.com, are these applications gaining the necessary visibility among businesses to gain traction in the software market. Infrastructure-as-a-service is also gaining traction, especially in the small business market.”

Additional report data includes:
*SaaS (software as a service) is poised to grow 142 percent between 2010 and 2015.
*Overall public cloud computing (IaaS, SaaS, and PaaS) is set to grow 153 percent from 2010 to 2015.
*Small business (5 to 99 employees) is the fastest growing size segment growing from $2.5 billion by 2010 to $6.6 billion by 2015.
*Small business account for over half of the market in SaaS and IaaS.
*The top 3 vertical markets for IaaS in terms of 2011 market revenue will be hospitality and food; healthcare and social services; and retail trade. The bottom 3 verticals will be mining; forestry fishing, and agricultural services; and utilities.