(The Hosting News) – The public cloud industry will be worth $100 billion by the year 2016. That’s according to the most recent forecast from research and analysis firm IDC.

IDC analyzed different regions and categories to make its projections. Areas explored in the report include infrastructure, enterprise integration, services provisioning, web services and more.

“This cloud forecast, our fifth annual since 2008, marks the start of a new stage of growth and maturity in the world of cloud services. As spending approaches the $100 billion milestone in 2016, emerging markets will emerge as the epicenter of cloud innovation and growth,” commented IDC Chief Analyst Frank Gens in an abstract statement from the company.

Also playing a factor were customer shifts among five different categories analyzed by the research firm.  The document itself is 38 pages in length, but if you’re thinking about getting your hands on its full content, think again: It goes for an asking price of $4,500 dollars.

“The IDC report appears to indicate that they believe that the current growth in cloud services is primarily that of businesses evaluating and moving existing applications and internally supported services to the cloud, and that the major growth will be seen as companies begin to look to cloud services to drive innovative new offerings and innovations that will expand business opportunity,”commented ZDNet’s David Chernicoff when analyzing the matter via ZDNet.com.

The cloud industry has significantly grown since its initial conception. Earlier this year in April, in separate anaylsis, Forrester research predicted the cloud would reach $241 billion by the year 2020.

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