Wednesday, September 30, 2015

Cloud Market Cap to Cross $500 Billion by 2020

After a decade of fighting on-premise hardware, cloud computing has won, according to a new report that has studied the public and private companies in the sector. And it’s happening faster than technologist and investors might realize.

Longtime investor and cloud expert Byron Deeter is predicting that victory based on a three-month long study he and his venture firm, Bessemer Venture Partners, have recently completed. The report found that of 42 public cloud companies indexed, total market cap for the group will pass $500 billion by 2020. A sector–Salesforce.com CRM customer relationship management–will operate in majority over the cloud by 2016. And with 28 private “unicorn” billion-dollar startups emerging in the cloud and thousands more behind them, IT could see a tipping point that Marc Benioff and other early adopters have spent years preparing.

Source: http://www.forbes.com/sites/alexkonrad/2015/06/18/byron-deeter-state-of-the-cloud/

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