"The global public cloud services market will more than triple in size over the next five years to reach revenues of $66 billion in 2016. The market will see a compound annual growth rate (CAGR) of 29.4 per cent from the $18 billion it will reach at the end of 2011."

Quote found in a press release by the research firm, Ovum.  See “Public cloud services market to hit revenues of $66 billion”
@4 weeks ago
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