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Cloud computing has the potential to transform the enterprise IT landscape by offering a variety of benefits such as reduced capital costs, data center efficiencies, on-demand computing resources, faster and cheaper software development capabilities, and even environmental benefits. IDC, a market research firm, estimates that global IT cloud services spending will increase from $16 billion in 2008 to $42 billion in 2012, representing a Compound Annual Growth Rate (CAGR) of 27%.
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