©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.
Worldwide SaaS and Cloud Software 2012-2016 Forecast and 2011 Share
This infographic is based off a study that presents IDC’s view of worldwide software as a service and cloud software market performance by key vendors in 2011 and the anticipated market performance through 2016. The cloud software market reached $22.9 billion in revenue in 2011, a 30.9% year-over-year growth rate, and will grow to $67.3 billion by 2016 at a CAGR of 24.0%.
Learn more on what IDC has to say about cloud.