IDC Predicts $1.6B Cloud Market in 2011

Friday Jan 7th 2011 by Staff

The research firm says cloud computing is "no longer just a buzzword."

Enterprise Networking Planet: Market research firm IDC believes that sales of network equipment used to power public and private cloud deployments in 2011 will top $1.6 billion. "Cloud is the prevailing IT trend of the decade," said IDC's Cindy Borovick. "We really see it as being integral to IT deployments and it's no longer just a buzzword."

IDC also predicts growth in virtual form factors during the year.

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