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In 1961, Stanford professor John McCarthy was one of the first to suggest a time-share, service bureau computing model.
J.C.R. Licklider, a key man at ARPANET, predicted an intergalactic computer network from which users could access data or programs anytime, anywhere.
Advances in hardware, software and networking, brought the rise of appilcation service providers in the 1990's.
In 1997, the firm NetCentric tried to trademark the term cloud computing, but gave up the effort two years later.
Dell tried the same stunt a decade later, failed.
Research and Markets analysts expect cloud computing to be a $160.2 billion market by 2015.