©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.
Press Release, 4/7/11
Special Report Shows “One Size Does Not Fit All” in the Cloud; Service Providers Need to Respond to Individual Customer Needs
STAMFORD, Conn., April 7, 2011— Cloud infrastructure as a service (IaaS) represents a spectrum of services; there is no “one size fits all” service, and no single provider successfully addresses all segments of the market, according to Gartner, Inc. The market is poised for strong growth with worldwide IaaS forecast to grow from an estimated $3.7 billion in 2011 to $10.5 billion in 2014.
“We are still at the beginning of the adoption cycle for cloud compute IaaS,” said Lydia Leong, research vice president at Gartner. “This is a rapidly evolving market that represents the transformation of IT infrastructure over 10 to 20 years; however, the next five years represent a significant revenue opportunity — as well as a critical period for vendors who need to lay their foundations for the future.”