This document summarizes statistics and studies about cloud computing trends. It found that worldwide cloud application revenue is projected to grow from $22.9 billion in 2011 to $67.3 billion in 2016. A survey of 1300 companies found that 56% agreed cloud services boosted profits and 88% saw cost savings. Studies show public and private cloud penetration within IT is around 25% each, while hybrid cloud adoption lags at 16%. Over 75% of respondents in a 2012 survey said they plan to pursue private cloud computing. Risk concerns about cloud adoption have dropped from 11% in 2011 to 3%.