Forrester: cloud technology in a 'hypergrowth phase'.
Position | CLOUD - Brief article |
Cloud service revenues will reach $236 billion in the private sector by 2020, predicts Forrester Research. That total exceeds Forrester's 2014 forecast by 23%.
According to the Forrester study, public cloud will become the dominant technology model by 2020. The growth won't come from a huge influx of new customers, but from portfolio expansion and new application scenarios, the study predicts.
Cloud technology, according to Forrester, is currently in a "hypergrowth phase" that will gain speed for the next four years for cloud platforms, cloud applications, and cloud business services.
The increasingly strong market for software-as-a-service (SaaS) and dramatic increases in infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) will continue, according to the study. By...
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