Cloud Computing ‘As A Service’ Market Forecast to Reach $53.3bn by 2021

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The cloud computing ‘as a service’ (CCaaS) market is expected to grow from $22.2bn in revenue in 2016 to $53.3bn in 2021, according to the latest update from 451 Research’s Cloud Computing Market Monitor service. The service presents data generated via a bottom-up analysis of 432 vendors that participate across the 14 cloud CaaS segments we track.

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The Cloud Computing Market Monitor report examines revenue generated by 432 service providers via cloud platforms – IaaS and PaaS – as well as IT management as a service and SaaS storage (online backup/recovery and cloud archiving). At the core of the Market Monitor service is a database that incorporates individual models on each of the 432 participating vendors and highlights revenue generated by the specific product or service included in the analysis. Therefore, our forecast is an aggregation of the growth trends, challenges and opportunities facing each vendor.

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About Calsoft

Calsoft is a leading software product engineering services company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals.

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