Cloud Computing Market Almost $17 Billion by 2013

A report by The 451 Group shows the cloud computing marketplace will reach $16.7 billion by 2013, at a GAGR of 24 percent from 2010.

As cloud computing technology becomes more mainstream, adoption will pick up more rapidly, according to The 451 Groups Market Monitor. Cloud-delivered platform and infrastructure services, which includes platform-as-a-service and infrastructure-as-a-service offerings, as well as software infrastructure-as-a-service, will grow to $3.9 billion in revenue in 2013 from $964 million in 2010.

Software-as-a-Service offerings will account for the lions share of revenue in the cloud computing space at $12.8 billion in 2013, up from $7.74 billion in 2010.

Cloud-based storage be a catalyst to cloud growth, accounting for nearly 40 percent of cloud services in 2010, according to the report.

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