Taiwan's Cloud Computing Market to Hit NT$41.2 B. in 2014: MIC

Taipei, Sept. 6, 2011 (CENS)--Global cloud computing market is forecast to grow from US$12.3 billion to US$42 billion by 2014 at compound annual growth rate (CAGR) of 27.7%, compared to 5% CAGR of traditional information technology (IT) service market, according to Taiwan's Market Intelligence & Consulting Institute (MIC) under the Institute for Information Industry (III).

In Taiwan, the cloud computing market is estimated to grow at CAGR of 21.8% from 2009 to 2014, from NT$15.3 billion (US$527.6 million) to NT$41.2 billion (US$1.4 billion), with public cloud from NT$3.9 billion (US$134.5 million) to NT$13,3 billion (US$458.6 million) and cloud application market from NT$11.4 billion (US$393.1 million) to NT$27.9 billion (US$962 million).

W. H. Wong, MIC senior analyst, says restructuring of the IT service business model is very likely due to continued global attention to cloud computing, rising attention on private-enterprise cloud computing, intensive construction of cloud services by IT hardware makers, and increasingly popular and diversifying cloud services for terminal devices. However, fluctuating global economy, natural disasters, and unpredictable supply of energy and raw material might burden costs to impact enterprises' IT investment decisions.

The MIC says so-called cloud services include Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Scalable Software as a Service (SaaS), while terminal device applications include desktop and smart mobile device products and techniques.

Private cloud construction services in Taiwan will continue to grow, MIC says, to stimulate demand for simulation, date storage and information security software and services. A new industrial landscape composed mainly of system integration, data center, server and mobile-device makers is forming to create increasingly more cloud-based services.