Cloud Market expected to reach to $241 billion by 2020

The Cloud Computing market, although a somewhat young technology, is definitely claiming its stake in the IT world. According to Forrester Research, the entire market is expect to grow from $40.7 billion this year to $241 billion in 2020.

Namely Infrastructure-as-a-service (IaaS) is expected to plateau in 2014 with revenues projected at $5.9 billion. IaaS, which is where storage and server resources are hosted by a service provider and then outsourced by individual organizations, is definitely an infrastructure that has some attractive points including higher efficiency, limitless scale and faster and easier deployment of new services and systems.

To learn more about cloud computing watch this video. Also find out how our cloud computing appliance, the StoneFly Cloud USS, provides IaaS to deliver storage fit for the cloud.