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According to Gartner Analysis, Overall worldwide IT spending is expected to decrease by 3.8 percent in 2009, but certain parts of the market such as Cloud Services will see explosive growth. Global cloud services revenue is on pace to surpass $56.3 billion in 2009, rising 21.3 percent from 2008 whereas the worldwide IT spending would reach $3.2 trillion, down about 3.8 percent from the $3.4 trillion spent in 2008.

Over the next five years, IDC expects spending on IT cloud-based services to grow almost threefold, reaching $42 billion by 2012 . Cloud computing spending will accelerate, capturing 33% of IT spending growth in 2013.

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