Did you know that cloud computing can be viewed as an evolution of various concepts and technologies that date back to the late 1950s? Even greater parallels to cloud computing were developed in the 1970s, as mainframe computer time-sharing emerged. Current offerings are the latest manifestation of this trend. While cloud services adoption will reach a crescendo in 2014, it's just the beginning of the next wave of enterprise computing evolution. Juniper Research expects the total enterprise cloud computing market to reach a value of $90.7 billion by 2018, with both IaaS and PaaS expected to grow rapidly. Moreover, revenues generated from enterprise Software-as-a-Service (SaaS) will reach $53.5 billion in 2018, representing 59 percent of the enterprise public cloud computing market -- that's rising from $23.2 billion in 2013. Addressing Security and Compliance Concerns According to the Juniper assessment, SaaS will likely remain the dominant cloud model in the foreseeab...
TMT Market Research Summaries and Analysis