Cloud computing will be big money in 2020

The marketplace for the cloud is expected to grow, though according to new research by Frost & Sullivan, its long-term development will make recent advancements appear minuscule.

According to ZDNet, cloud computing architecture currently represents a $40.7 billion industry, which is a noticeable jump from several years ago. However, the growth trend, which many experts thought may see its peak years in the early part of this decade, is expected to accelerate throughout the 10-year span.

The end result is expected to be a cloud computing industry that will be valued at $241 billion, predicts the survey. This will be nearly a five-fold increase from its current state.

Additionally, the survey reviewed growth trends for subsidiaries within the larger technological field. It was found that SaaS, which has already shown a modest increase in recent years, will grow in popularity, and by 2016 many businesses worldwide will likely use the software. The shift will accelerate the market from $21.2 billion now to $92.8 billion in 2016.

The potential to cash in on a huge revenue spike has many companies racing to the cloud, including some of the industry's biggest names.

 Another option to explore may be IaaS. According to a Gartner study, the market for Infastructure-as-a-Service is expected to reach its peak in 2014 at $10.7 billion.