Cloud service are forecast to be a bright spot amidst dire economic times. Reaching $56.3 billion by end of 2009, cloud services are expected to generate 2x the revenue of Google (which is partially included) and a growth rate that exceeds the company’s 18% year-over-year rate. By 2013, Gartner expects cloud services to reach $150 billion in sales.
Revenues from cloud application services (such as Backblaze) “were almost twice as large as the market for systems infrastructure and will continue to show strong growth,” according to the Gartner report.
While there is a lot of discussion about terminology and taxonomy (“cloud services” vs “SaaS” etc.)…there is no doubt the market for infrastructure and applications provided over the Internet has arrived.