IBM Eyes a Huge New Market

by Lyons George, The Motley Fool Sep 30th 2012 8:15PM
Updated Sep 30th 2012 8:16PM

In the preceding video, Fool.com analyst Lyons George discusses IBM's foray into the cloud services market, having recently announced its intent to sell cloud computing services to mid-sized businesses. With cloud services growing at 15% annually and expected to reach almost $60 billion this year, it's clear why IBM wants in. What's less clear is how the company will fare. This is a market that's already pretty well spoken for, with front-runner Amazon.com holding an estimated 70% market share in cloud services. For the full story on what IBM is getting itself into, be sure to check out the video.

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The article IBM Eyes a Huge New Market originally appeared on Fool.com.

Lyons George has no positions in the stocks mentioned above. The Motley Fool owns shares of Amazon.com, Google, IBM, and Zillow and has options on salesforce.com. Motley Fool newsletter services recommend Amazon.com, Google, Salesforce.com, and Zillow. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.