451 cloud computing header 300x66 The 451 Group Report: Cloud Computing Market Will Reach $16.7Billion in 2013A new report from the 451 Market Monitor forecasts that  the cloud computing marketplace will reach $16.7 billion in revenue by 2013. The 415 Market Monitor is a market-sizing and forecasting service from The 451 Group, a leading independent IT research and analyst organization.

According to the report  “Including the large and well-established software-as-a-service (SaaS) category, cloud computing will grow from revenue of $8.7bn in 2010 to $16.7bn in 2013, a compound annual growth rate (CAGR) of 24%.”

The report examines the revenue generated by cloud service providers and technology vendors via cloud platforms – platform as a service (PaaS) and infrastructure as a service (IaaS) – as well as services used to build and manage a cloud environment, or what the 451 Group calls ‘software infrastructure as a service’ (SIaaS). In addition, the report provides top-line estimates for the software-as-a-service (SaaS) market.

About The 451 Group

The 451 Group is an independent technology-industry analyst company focused on the business of enterprise IT innovation. The company’s analysts provide critical and timely insight into the market and competitive dynamics of innovation in emerging technology segments. Clients of the company – at vendor, investor, service-provider and end-user organizations – rely on The 451 Group’s insight to support both strategic and tactical decision-making for competitive advantage.

The 451 Group also operates Tier1 Research and The Uptime Institute. Tier1 Research is an independent division of The 451 Group that analyzes the financial and industry implications of developments impacting public and private companies within the hosting, communications and Internet infrastructure sectors. The Uptime Institute provides education, publications, consulting, certifications, conferences and seminars, as well as independent research and thought leadership, for the enterprise datacenter industry and for datacenter professionals.

The 451 Group is headquartered in New York, with offices in key locations including San Francisco, Washington, D.C., London and Boston.

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