Cloud computing, the
recent buzz word in the internet market, in simple terms is the
process of delivering hosted services through the internet. Though
the concept is in its naïve stage, it is generating tremendous
interest among users of all types, and has become a promising
business opportunity to venture in and explore.
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The cloud computing
services market which is currently valued at USD 79.60 billion for
the year 2011 is projected to grow steeply at a CAGR of 23.21% and
reach a market size of USD 148.9 billion by year 2014. However, with
rising competition and saturation and technology limitations, the
market may see a drop in CAGR, but still grow at a CAGR of 8.39% and
reach USD 205.48 USD by year 2018.
The cloud computing
services market can be segmented broadly into three categories based
on service types (*aaS). These can be:
SaaS (Software
as a Service)
IaaS
(Infrastructure as a Service)
PaaS (Platform
as a Service)
Among the three
categories, SaaS is expected to grow the fastest followed by IaaS.
The Saas market can be further segmented in categories such as: Cloud
Security, Corporate and SMB SaaS Cloud services, and Mobile Corporate
and SMB SaaS Cloud services. However, in the near future all the
three segments are projected to experience healthy demand.
The cloud computing
services market growth would be influenced by the global demand for
technology based services, which in turn depends on the state of the
global economy. Currently the growth is driven by demand in developed
nations in Western markets such as North America and Europe. The
developing nations are slow to adapt to the concept, and are expected
to drive the growth towards the later part of the decade. The
technological backwardness of emerging economies poses restrictions
on cloud computing services due to lack of infrastructure
availability and technical know-how.
The current cloud
computing services market leaders who are defining the growth path
are:
Amazon (Amazon
Web Services – AWS)
Google (SaaS,
PaaS)
VMware (vCloud)
Rackspace (IaaS)
Salesforce.com
(SaaS – CRM)
Microsoft (PaaS
– Azure)
Joyent (3*aaS)
IBM (Blue Cloud)
Net Suite (SaaS
- SuitCloud)
3Tera
(CloudWare)
Some of the
newcomers in the market are:
Enomaly
(services to cloud providers)
GoGrid (IaaS)
AT&T
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