Event Description: Where’s My Money?“Over the next five years, IDC expects spending on IT cloud services to grow almost threefold, reaching US$42 billion by 2012 and accounting for 9 per cent of revenues in five key market segments. More importantly, spending on cloud computing will accelerate throughout the forecast period, capturing 25 per cent of IT spending growth in 2012 and nearly a third of growth the following year,” declares custom research company IDC in a press release it issued in October last year.
