The current economic environment is accelerating the adoption of Global Cloud Computing services; the fastest growing segment of IT by which enterprise applications are moved to the cloud. These services are simple to acquire and scale up or down, thus providing benefits to companies of all sizes.

According to a recently published report Global Cloud Computing Services Market by TechNavio Insights, "services supported by advertising will be the largest component of the overall cloud services market by 2011."

"The global market for cloud computing infrastructure was $16,000 million in 2008, and is expected to reach $33,007 million in 2011; thus, growing at 27.3 percent", says one of the TechNavio experts. He further adds, "cloud computing is becoming one of the major trends in the market, thanks to the service orientation of IT."

The report provides with valuable insights about segmentation, trends and vendors.