April 27, 2011 – The cloud computing market will grow by nearly six-times its current level, to $241 billion in 2020, through a mix of interest, adoption and abundance in as-a-service offerings, according to new research from Forrester.

In the 27-page report, “Sizing the Cloud,” Forrester culled market estimations from its business-to-business forecasting model for public, private and virtualized private clouds during the next decade. Authors Stefan Ried and Holger Kisker, vendor strategy professionals with Forrester, relied on the research company’s cloud taxonomy and information on 12 market segments for the report.

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