NEW YORK--(BUSINESS WIRE)--The market for software that enables cloud computing will grow from $4.5bn in 2010 to more than $11.6bn by 2014, according to a new report from 451 Market Monitor, a market sizing and forecasting service from The 451 Group, a leading independent IT research and analyst organization.
"We are entering a period of rapid growth in cloud computing infrastructure," said Greg Zwakman, Research Director of The 451 Group's Market Monitor service. "Among the key drivers of this activity are continued adoption of server virtualization, the migration to private cloud computing environments, and the adoption of software that spurs and assists this transition."
Several of the 14 cloud-enabling technology segments tracked in the report are particularly poised for breakout growth. "Cloud on-ramps and brokers will see some of the highest growth rates, given these vendors' role in simplifying the process of deploying services in private and hybrid cloud environments," said Swapna Subramani, a 451 Market Monitor analyst and lead author of the report. Subramani noted that server virtualization and management, which provide an essential foundation for private cloud services, will also see revenues increase at a healthy growth rate globally and across multiple vertical markets.
The report also forecasts growth for backup and high availability, security, I/O virtualization, and a half-dozen components of the management stack, including automation and capacity planning.
The 451 Market Monitor: Cloud-Enabling Technologies service uses a bottom-up approach to track and project revenues for more than 120 software vendors operating in 14 segments of this market.
About The 451 Group
The 451 Group is a leading technology-industry analyst company focused on the business of enterprise IT innovation. The company's analysts provide critical and timely insight into the market and competitive dynamics of innovation in emerging technology segments. Clients of the company – at vendor, investor, service-provider and end-user organizations – rely on The 451 Group's insight to support both strategic and tactical decision-making for competitive advantage.
The 451 Group also operates Tier1 Research, Uptime Institute and TheInfoPro. Tier1 Research is a division of The 451 Group that analyzes the financial and industry implications of developments impacting public and private companies within the hosting, communications and Internet infrastructure sectors. Uptime Institute provides education, publications, consulting, certifications, conferences and seminars, as well as independent research and thought leadership for the enterprise datacenter industry and for datacenter professionals. TheInfoPro is a leading advisory and research firm that provides real-world perspectives on the customer and market dynamics of the enterprise information technology landscape by using a unique research methodology that harnesses the collective knowledge and insights of leading IT organizations worldwide.
The 451 Group is headquartered in New York, with offices in key locations including San Francisco, Washington, D.C., London and Boston.
For additional information on The 451 Group or to apply for trial access to its services, go to: www.the451group.com or www.tier1research.com. For additional information on Uptime Institute and its services, go to www.uptimeinstitute.org.