Gartner Says Worldwide Cloud Services Market to Surpass $109 Billion in 2012

The public cloud services market is forecast to grow 19.6 per cent in 2012 to total $109 billion worldwide, according to Gartner, Inc. Business process services (also known as business process as a service, or BPaaS) represent the largest segment, accounting for about 77 per cent of the total market, while infrastructure as a service (IaaS) is the fastest-growing segment of the public cloud services market and is expected to grow 45.4 per cent in 2012.