Predicting Enterprise Cloud Computing Growth: Cloud Computing Market To Reach $19.5 Billion By 2016
69% of enterprises who have separate budgets for cloud computing are predicting spending increases this year and into 2014.
This is one of several key take-aways from a research study published today by TheInfoPro, a service of 451 Research. TheInfoPro Wave 5 Cloud Computing Study is based on research completed in the first six months of 2013, and relies on live interviews with IT management and primary decision-makers in midsize and large enterprises in Europe and North America. You can view details of TheInfoPro Cloud Computing Overview Program and methodology here.
Additional key take-aways from the study include the following:
The worldwide cloud computing market will grow at a 36% compound annual growth rate (CAGR) through 2016, reaching a market size of $19.5B by 2016.