September 19, 2012 – The cloud infrastructure market is expected to flourish over the next four years, gaining nearly 50 percent by the end of 2012 compared with last year and rivaling SaaS in investment by 2016, according to a new market report.

Gartner Research just released an update of its worldwide public cloud services overview, which includes overall growth in cloud investment that is slated to hit $109 billion worldwide this year, a 19.6 percent increase. Additionally, the public cloud services market is expected to nearly double to $206.6 billion in 2016, according to Gartner estimates.

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