Globally, the cloud services market grew to US$62 billion in 2013, and is forecast to expand at a 26% compound annual growth rate (CAGR) to hit US$125 billion by 2016, according to a panel discussion at the Parallels Summit; Gabey Goh reports from New Orleans.
If you are building servers and selling them to SMBs as end-users, you’re essentially in a dying business, says Parallels chief executive officer Birger Steen.
There is plenty of room in the burgeoning small and medium-sized business cloud market for smaller players despite the entry of big name players into the space, reports Gabey Goh from the Parallels Summit 2013 in Las Vegas.
Parallels has announced a slew of new products aimed at making the delivery of cloud services to small and medium businesses a more seamless experience.
Web hosting and cloud service providers serving the small- and medium-sized business (SMB) sectors are well primed to take advantage of the diversity created by the cloud computing era, according to cloud services enablement player Parallels.