As more corporations begin to transition their data into the cloud and tap into web-based applications, the global cloud-computing market is continuing to grow at a rapid rate, expected to cross $25 billion by the end of 2013, according to a new report by Renub Research.
Providers such as IBM, Oracle and Microsoft are helping corporate clients use the Internet to tap into everything from extra server space to software that helps manage customer relationships.
The different segments of the cloud-computing market (SaaS, PaaS, IaaS) show different maturities and adoption levels. The various segments within the SaaS market will grow at a different rate, with Communications and Collaboration (CCC), Customer Relationship Management (CRM), Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) being the fastest-growing areas.
PaaS generated market revenue of approximately 1.5 percent of the total application development market in 2008. IaaS is becoming more popular with computing resources integrating as web service. The IaaS service providers can support a large number of customers with a single infrastructure.