ComputerWeekly’s Archana Venkatraman reports that the cloud computing sector will grow at a pace of 36% every year, with revenues falling just shy of $20 billion by the end of 2016.
Among the sub categories, the PaaS (platform as a service) layer accounted for nearly a quarter (24%) of the total public cloud revenue in 2012. But the research report estimates the segment to experience the fastest growth between 2012 and 2016 – a projected compound annual growth rate of 41%.
Another cloud segment, Infrastructure as a service (IaaS) accounted for the majority of total market revenue in 2012, with more than half of the total public cloud market share; but falls behind PaaS growth at 37% CAGR through 2016.
Meanwhile the infrastructure SaaS (software as a service) sector, which does not include enterprise SaaS revenue, represented 25% of total cloud revenue in 2012 and is expected to generate a 29% CAGR through 2016, according to Market Monitor.
A 2013 survey by TechTarget and Computer Weekly IT reveals that enterprise SaaS continues to be the top cloud service. Read more at ComputerWeekly.com.