Date: 04/03/2011

SaaS type cloud computing to experience dramatic growth says In-Stat analyst

In-Stat has forecasted public cloud computing model SaaS (software-as-a-service) spending by US businesses will increase by 112% between 2010 and 2014.

"Spending is expected to grow significantly across all service options of cloud computing, including IaaS and PaaS," says Greg Potter, Research Analyst. "But since SaaS is the largest segment, volume wise, its growth will be the most dramatic. Within SaaS, the professional services and healthcare verticals will see the largest growth in spending, each growing over 30% during the forecast period."

Additional research data on cloud computing market reported by In-Stat includes:

SaaS (software-as-a-service) spending will increase 112% between 2010 and 2014.
IaaS (infrastructure-as-a-service) spending will approach $4 billion in 2014.
PaaS (platform-as-a-service) spending will increase 113% to roughly $460 million in 2014.
SOHO (small office/home office) businesses are leading in the adoption of cloud computing services.