The worldwide market for enterprise cloud-based services is expected to grow to approximately $32 billion in 2017, up from $18 billion in 2012.
In 2012, software-as-a-service (SaaS) accounted for about two-thirds (66 percent) of revenue. The other third came from infrastructure-as-a-service (IaaS). These statistics are expected to change in the next five years as the share of revenue from IaaS increases to 43 percent by 2017, Analysys Mason said in a new report.
The report also details a five-year forecast of cloud services revenue worldwide, split into four enterprise size segments, four channels to market, eight geographical regions and 12 countries.
Enterprise cloud services are predicted to grow at a slower overall rate than in the firm's previous forecasts, particularly in developed countries. That slow growth is attributed to difficult economic conditions worldwide and slower-than-anticipated adoption of new IT technology by large and small enterprises.
Communications service providers (CSPs) are expected to account for 18 percent of worldwide enterprise cloud services revenue by 2017 and will account for 12 percent of worldwide revenue from enterprise cloud services in 2012. Analysys Mason expects the proportion of revenue from small and medium-sized enterprises (SMEs) to increase to 49 percent of total public-cloud services revenue from 43 percent by 2017 due to their increased awareness of public-cloud solutions, among other factors.