Analyst: Public IT cloud adoption is on a fast track

06/23/2010 | eChannelLine USA Daily News

Worldwide revenue in public IT cloud services will grow 27.4% annually through 2014, bringing the market value to $55.5 billion in four years, according to an IDC report. The market growth is five times higher than products considered part of the traditional IT, said IDC, and indicates tech leaders are eager for the cost savings and IT agility provided by cloud computing.

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