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Cloud computing services to be $42 billion market by 2012, says IDC
Docu-Drama — ... Over the next five year, spending on cloud-computing services is expected to “grow almost threefold, reaching $42 billion by 2012 and accounting for 9% or revenues in five key market segments, according to a release Monday from market-research firm IDC. ” More importantly, spending on cloud computing will accelerate throughout the forecast period, capturing 25% of IT spending growth in 2012 and nearly a third of growth the following year.” One of the trends IDC says will accelerate the adoption of Internet-centric computing, which employs an “online delivery and consumption ...

Down To Business: Microsoft, Industry Still Hang In The Cloud Ether
InformationWeek - All Stories And Blogs — ... reported in its most recent quarter that revenue from its System z mainframe products rose 25% year over year, so even the demise of this first-generation tech platform has been greatly exaggerated. But I digress ...) The cloud evangelists are touting their service and platform approaches as ideal for increasingly cost-conscious IT organizations: Their offerings aren't capital-intensive and let customers pay for only what they use. Researcher IDC is on board with this logic. Having recently surveyed 244 executives about what it calls "IT cloud services," IDC predicts the ...