MARKETS

Cloud computing and cloud hosting are among the biggest developments in the technology sector since the invention of the Internet in the latter part of the 20th Century. According to a recent report by Markets and Markets (M&M), a global market research and consulting company, the global cloud computing market is expected to grow from $37.8 billion in 2010 to $121.1 billion in 2015. That’s nearly a 200% increase in just five years. Many analysts predict that within 10 years, 80% of all computing, storage, and e-commerce done worldwide may take place in the cloud. Software as a Service (SaaS) is the largest segment of the cloud computing services market, accounting for 73% of the market’s revenues for 2010. The major SaaS-providers include Adobe Web Connect, Google Mail, Cisco WebEx, and Yahoo Mail. Content, communications, and collaboration (CCC) accounts for about 30% of the SaaS market revenues.What types of clouds are there? There are many variations of the term “cloud” including public and private clouds, hybrid clouds and community clouds.

To really understand what the cloud could mean to your business, here are several examples:

  • For anywhere/anytime access to a CRM system like Salesforce.com, you can utilize something called Software-as-a-Service (SaaS)
  • If you are a developer who builds and deploys web applications, you could use the cloud in a way known as Platform-as-a-Service (PaaS).
  • For access to the physical infrastructure of a remote server, you would use a type of cloud access called Infrastructure-as-a-Service (IaaS).

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