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Cloud computing to record huge growth

Rachel Wheeler

January 20, 2011

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The professional services and healthcare sectors are expected to experience "staggering" growth in spending on cloud computing services, new research has claimed.

According to In-Stat, total business spending on the hosted technology is expected to climb as high as $13 billion by 2014, up from less that $3 billion currently.

The firm's report forecasts trends in US business cloud computing and managed hosting spending for the 2009–2014 period with detailed segmentation by product category, size of business and vertical market.

"Although spending across all sectors and size of business is projected to grow, there are some segments where growth will be staggering," Greg Potter, research analyst, said.

"The professional services and healthcare verticals will see the largest growth in spending on cloud computing services, growing over 124 per cent between 2010 and 2014."

Added to this, the In-Stat report spending on software-as-a-service will increase by 112 per cent between now and 2014.

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