Cloud services market to grow by 18.5% to USD131 billion this year - Gartner

August 15
2:55 AM 2013

Gartner, an American information technology research firm, said by 2015, 10% of all the IT security business product capabilities would be delivered in the cloud. Cloud computing is defined as a process by which an information or a software is kept outside of a computer but could be easily accessed through the internet. Analysts said investing in the cloud technology would allow investors to gain in the months ahead.

Gartner said this year, the public cloud services market would grow by 18.5% to USD131 billion worldwide. It also forecasted that from 2013 to 2016, around USD677 billion would be spent on cloud services.

Analysts said a huge growth potential is within reach for cloud computing corporations like Oracle and SAP. An investment in big tech player such as IBM, Hewlett Packard and Dell would also be profitable. IBM, HP and Dell have been shifting their focus to the high-margin cloud computing, server and storage space from the low-margin personal computer business.

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