Study: Public cloud computing market to close in on $73 billion in value by 2015
20 June 2011 16:04:27
The public cloud security market is likely to grow sharply in value, according to a study from IDC, which said this week that it would reach $72.9 billion by 2015.
"Together, public cloud technologies are merging into the industry's third major platform for long-term growth. As during the mainframe and PC eras, the new platform promises to radically expand the users and uses of information technology, leading to a wide and entirely new variety of intelligent industry solutions," senior vice president and chief analyst Frank Gens said.
The researchers predicted that public cloud security services would account for 46 percent of total IT spending on five important functions — applications, servers, basic storage, system infrastructure software and development, and deployment functionality for apps.
In particular, according to IDC, Security as a Service will grow in popularity over the next few years.
This could mean, outside experts say, that the present lack of security standards for this market sector will necessitate the growth of robust Security-as-a-Service solutions to go with them.
-McAfee Cloud Security
