Hyper growth - this term is on its way to become attached with the 'Public Cloud' market.
As per the report of Forrester Research, the global public cloud market is expected to rise to $191 billion by 2020 as compared to 2013 which stood at $58 billion. The reason behind this growth is the shift from on premise technology to cloud which has proved to be cost effective. Nowadays cloud technology is considered as a replacement of the existing systems. Forrester’s report also predicts that by 2020, the global public cloud platform service will soar to $44 billion, the cloud business service will hit $14 billion and the cloud applications which will be Software – as – a – Service or SaaS, will hit $131 billion. The cause of this whopping valuation is attributable to the fact that more and more CIOs and their technology management organizations are taking initiative for this change.
So, what’s the future of public cloud market? Read at http://www.computerworld.com/s/article/9247883/Public_cloud_market_ready_for_hypergrowth_period_ for more details.