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IBM Eyes a Huge New Market

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September 30, 2012 | Comments (0)

In the preceding video, Fool.com analyst Lyons George discusses IBM's (NYSE: IBM  ) 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 (NASDAQ: AMZN  ) 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.

 

As for Amazon, learn exactly what's driving growth, which risk factors to keep an eye on, and how to know when to buy and sell in our new premium research report on the company. Our report also has you covered with a full year of updates as key new hits, so click here now to get started.

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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.


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