The market for public cloud IT services is expected to grow at an average rate of 21.6% between 2009 and 2014, according to a forecast by market research firm IDC, reaching almost $30 billion. That compares to revenue of about $11 billion in 2009.
According to the survey, which delved into the outlook for various market sectors, the professional services, communications and media, and discrete and process manufacturing markets will generate the most public IT cloud services revenue. IDC said the professional services market in particular, is poised for substantial growth, partly due to the large number of information-dependent midsize companies that will adopt software-as-a-service.
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