Microelectronics Technology Corporation Next Generation Cloud Application Hosting: Market Update: Cloud Computing Market Will Top $241 Billion By 2020

MONARCH BAY, Calif., May 14, 2012 /PRNewswire/ -- Microelectronics Technology Co. (MELY.PK – News):  The Company is pleased to provide an update regarding the Cloud Computing Opportunities the company is strategically positioning to take advantage for future growth.

Independent research firm Forrester Research expects the global cloud computing market to reach $241 billion in 2020 compared to $40.7 in 2010, according to a new Forrester report called "Sizing the Cloud." The report aims to provide insights into the future market size of cloud computing segment while trying to predict market growth dynamics in a new IT environment driven by rapidly growing number of cloud computing services and applications.

Forrester's report provides market forecast on 12 different market segments for the next decade, forecasting shifts in the usage patterns of cloud infrastructure, business applications for the cloud and cloud platforms that are becoming increasingly widespread.

According to Sizing the Cloud report, Software-as-a-Service (SaaS) offers more growth opportunity than any other segment in the still largely vague market for cloud computing services. SaaS will retain its position as a leading segment in cloud computing with SaaS market growing three-fold to $92.8 billion by 2016, the report said. In contrast, Infrastructure-as-a-service (IaaS) will witness a rapid growth in the next few years but Forrester expects dynamic infrastructure services to perform better than IaaS in the long term.

Forrester applies an innovative approach toward measuring cloud computing market with company's analysts utilizing Forrester's sizing methodology for emerging markets to the cloud computing market for the first time, report co-author Stephen Reid wrote in a blog post. Reid admits that cloud computing definitions are still a serious challenge to researchers while "...each year, it gets harder to make clear-cut distinctions, based on technology, between what is a cloud and what is simply a virtualized data center or a traditional hosting provider. Therefore, Forrester decided to focus instead on the major disruption in the IT industry that cloud computing is bringing about — disruption based not on technology but on the business model under which IT operates."

Reid also reveals that IaaS will shift from public clouds to virtual private clouds but the size of market is set to decrease because dynamic infrastructure services, which are the virtual private cloud counterpart of IaaS in the public cloud, tend to combine pure infrastructure with high-level services and close integration into existing on-premises landscapes. Simplified and pre-integrated platforms outline the future of Platform-as-a-service (PaaS) segment while PaaS is set to become a middleware platform alternative, Reid said.

Companies that are able to adapt quickly to fast changing market conditions will be crowned victors and will grab the lion's share of a $241 billion cloud computing market in 2020.

Cloud Data Corporation with the implementation of its Web App Cloud Hosting Modules- Sproqets configuration will be a leader in rush to provide the infrastructure required to facilitate App Hosting Tidal wave of demand in the next three years.

Sproq next generation cloud application hosting customers will be able to start with a single sproqet, as they need to scale up they will be able to purchase additional sproqets.

Sproq.com service is currently under development, with developmental servers and hardware already deployed. Sproq.com is scheduled for launch second quarter 2012 and Cloud Data Corp is planning for the first point of presence in Seattle, Washington.

A pre- beta launch sign up is available at www.sproq.com where invites will be sent out for our beta.

For further Information:
Microelectronics Technology Co.
President:
Mr. Brett Everett
1 866 587 2860

www.melypk.com
www.sproq.com
www.domainstutter.com

Forward-Looking Statements

This news release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey Company progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the Company at this time, actual results may differ materially and are subject to risk and uncertainties. Factors that may cause actual results to differ include without limitation: dependence on key personnel and suppliers; MELY's ability to commercialize its technology; ability to defend intellectual property; material and component costs; competition; economic conditions; consumer demand and product acceptance, and availability of growth capital.

Additional considerations and risk factors are set forth in reports filed on Form 8-K and 10-K with the SEC and other filings. Readers are cautioned not to place undue reliance upon these forward-looking statements; historical information is not an indicator of future performance. The Company undertakes no obligation to update publicly any forward-looking statements.

SOURCE Microelectronics Technology Co.