Visiongain: Global Cloud Market Worth $38 Billion

London-based business research firm Visiongain released a report titled, “The Cloud Computing Market 2012-2017,” which finds that the global computing market in 2012 will be worth $37.9 billion and predicts strong growth over the next five years, especially in industrialized markets. The report looks at the enterprise cloud market and how businesses can use cloud services to cut costs, improve efficiency and drive innovation.

Visiongain’s results show more than 30 percent of organizations around the world are using at least one cloud-based application.

“The majority of the cloud computing uptake would come from SMBs from around the world, which are lacking in solid IT infrastructure and are looking to find new and innovative ways of conducting everyday business with the help of cloud technology offerings,” according to Visiongain. “Demand will also come from end users who are looking to incorporate the cloud for everyday needs such as entertainment, storage, etc.”

Features of the Visiongain report include:

Talkin’ Cloud readers interested in the report can click here for more information.