Cloud Services Are Growing Quickly

Cloud computing services, championed by companies as diverse as Google, Salesforce and IBM, are generating big time revenues today with even rosier forecasts for future growth.

What's driving the interest in the cloud and where are the strongest areas of growth and experimentation? CIO Update reports on the latest research and forecast by Gartner and why the firm sees strong growth ahead for cloud services even though enterprise customers still have security concerns.

Gartner this week confirmed what the rest of the IT industry has known for years: the cloud is the next sure-fire growth market for hardware, software and services providers around the world.

In a report released this week, Gartner is now projecting worldwide cloud services revenue will soar to more than $68.3 billion this year, a 16.6 percent improvement from an already-robust 2009 and a harbinger of things to come.

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