Gartner Forecasts Cloud Service Sales Up 21%

March 30, 2009 by Gleb Budman // Leave a comment

Cloud services are forecast to be a bright spot amidst dire economic times. Reaching $56.3 billion by the end of 2009, cloud services are expected to generate two times the revenue of Google (which is partially included) and a growth rate that exceeds the company’s 18% year-over-year rate. By 2013, Gartner expects cloud services to reach $150 billion in sales.

Revenues from cloud application services (such as Backblaze) “were almost twice as large as the market for systems infrastructure and will continue to show strong growth,” according to the Gartner report.

While there is a lot of discussion about terminology and taxonomy (“cloud services” vs “SaaS” etc.) there is no doubt the market for infrastructure and applications provided over the internet has arrived.

About Gleb Budman

Gleb Budman is a co-founder and has served as our chief executive officer since 2007, guiding the business from its inception in a Palo Alto apartment to a company serving customers in more than 175 countries with over an exabyte of data under management. Gleb has served as a member of our board of directors since 2009 and as chairperson since January 2021.

Prior to Backblaze, Gleb was the senior director of product management at SonicWall and the vice president of products at MailFrontier, which was acquired by SonicWall. Before that, he served in a senior position at Kendara, which was acquired by Excite@Home, and previously founded and successfully exited two other startup companies.