Gartner: Cloud to grow 20% this year to $109B market

The cloud computing market will grow almost 20% this year to become a $109 billion industry, research firm Gartner predicts.

Image source: Frank IT Lab

Gartner predicts business process as a service (BPaaS) and software as a service (SaaS) will dominate the market, with infrastructure as a service (IaaS) quickly gaining momentum.

n 2011, the market stood at $91.4 billion and the research firm expects it to grow to $206.6 billion by 2016. Cloud is still only a very small part of the overall IT spending market though. In July, Gartner predicted total IT spending would be $3.6 trillion in 2012.

How much Cloud does your CU use?