Date Added: Apr 2010
To meet new needs in today's challenging IT and telecommunications services marketplace, enterprises and Small and Medium-sized Businesses (SMBs) alike are turning to cloud-based computing. The underlying new operational model promises to improve the agility, efficiency, and cost effectiveness of IT. This market is soaring as service providers step in to support customers' migration to virtualized, cloud-based environments. According to Forrester Research, the market for managed data center services will grow to $116.5 billion worldwide by 2014. Computing services (Infrastructure as-a-Service and Software as-a-Service) are expected to experience a compound annual growth rate of more than 15 percent.