Backup And Recovery Most Lucrative Cloud Service

Respondents to the Autotask survey reported increased demand for cloud services and applications related to hosting, with custom application development becoming more specialized.

Backup and recovery is the number one cloud service for potential revenue, with security coming in second and office productivity apps landed the third spot, according to Autotask.

Cloud professional services has expanded from a $5 billion market in 2010 to $17 billion million in 2013. Autotask's customer report forecast a 12 percent compound annual growth rate for cloud services going forward, meaning the market will reach $30 billion by 2018.