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Report: Private Cloud Revenue to Hit $69 Billion by 2018

Private clouds hosted by third parties comprise around 70 percent of the market.




Building the Right Environment to Support AI, Machine Learning and Deep Learning

The market for third-party hosted cloud computing environments will grow significantly in the coming years and reach $69 billion by 2018, says a new report from Technology Business Research (TBR). In 2014, the market value is forecast to top $41 billion.

The report held bad news for some leading cloud computing vendors. "Though they top the leaderboards, IBM, Microsoft and HP — vendors with broad cloud portfolios — have lower satisfaction scores than those with more focused portfolios like Cisco," Cassandra Mooshian, a TBR cloud analyst, said. "Trying to be all things to all people deters customers that want those tailored and specialized solutions; think of Walmart versus a grocery store."

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