The market for cloud computing solutions has grown by leaps and bounds during the past several years, but the trend doesn't appear to be subsiding any time soon, according to predictions included in a new report from research firm In-Stat.
The overall market for cloud computing – which includes software as a service, infrastructure as a service and platform as a service – is expected to grow 152 percent during the years between 2010 and 2015. The SaaS segment alone is expected to increase 142 percent, while IaaS will generate revenue of $4 billion by 2015, according to In-Stat.
"Many SaaS applications have been around for a long time, but only now since the advent of entire platforms for applications, such as Google Apps and Force.com, are these applications gaining the necessary visibility among businesses to gain traction in the software market," research analyst Greg Potter said. "Infrastructure-as-a-Service is also gaining traction, especially in the small business market."
Small businesses, those with five to 99 employees, were found to be the most enthusiastic about the cloud. Last year, this segment spend $2.5 billion on hosted services, but that figure is expected to reach $6.6 billion after the next four years. These companies also make up about half of the IaaS and SaaS markets.
When deploying cloud-based solutions, experts agree that it's also necessary to implement a certain level of cloud security.
The protection of hosted data continues to serve as a main sticking point for many companies when it comes to the technology. To resolve the problem, and foster greater adoption, many firms are joining forces in the push for cloud computing standards.
While some experts are fearful that messages will get lost among numerous standards groups, others contend that only good can come out of increased attention.