Public cloud spending by US businesses will grow by 112% between 2010 and 2014. A report from research firm In-Stat also cloud computing has become a preferred approach to managing IT issues across all sizes and types of businesses in the US.
Spending is expected to grow significantly across all service options of cloud computing, including IaaS and PaaS, but since SaaS (software-as-a-service) is the largest segment, volume wise, its growth will be the most dramatic, the report said.
Within SaaS, professional services and healthcare verticals will register the largest growth in spending with each growing over 30% during the forecast period. SOHO (small office/home office) businesses are leading in the adoption of cloud computing services, the report added.