Infrastructure as a Service $10.5 Billion in 2014

Cloud infrastructure as a service (IaaS) is more likely to be purchased by an enterprise, while small businesses are more likely to buy "applications as a service." Still, the market for all types of cloud services is seminal. Today there is no standard, "one size fits all" offering and no single provider successfully addresses all segments of the market, according to Gartner. That is what one would expect in a new market.

Worldwide IaaS revenues were about $3.7 billion in 2011 and will reach $10.5 billion in 2014, Gartner now forecasts.

"We are still at the beginning of the adoption cycle for cloud compute IaaS," said Lydia Leong, Gartner research VP.

Cloud IaaS is the capability provided to the consumer to provision processing, storage, networks and other fundamental computing resources where the consumer is able to deploy and run arbitrary software, which can include operating systems and applications.

Gartner Maps Out the Rapidly Evolving Market for Cloud Infrastructure as a Service