Cloud Computing adoption continues to outpace the growth rate of total IT spending. According to research firm Gartner, the market for public cloud services will continue expanding, with year-over-year revenue growth of 17.3%. Compare this to Gartner Growth expectation of total IT Growth of 1.4% and you can see how the market for Cloud Computing is maturing. Cloud Service Providers offer a wide range of solutions.
Most companies rely on Cloud Computing for their business. Popular Software as a Service (SaaS) applications including Voice over IP (VoIP), Hosted Email, Sales Force Automation (SFA), and Customer Relationship Management (CRM) can all be rapidly deployed by a technology Advisor.
More and more companies are migrating to Cloud Computing to gain competitive advantage and reduce capital expense. According to CompTIA’s 9th annual Security Trends study, companies reported over 80% net usage of Cloud Computing. Over 59% reported moderate or heavy usage.
The market for Cloud Computing is maturing. According to Trends in Cloud Computing, a recent research report by the Computing Technology Industry Association (CompTIA), 90 percent claim using some form of Cloud Computing. In fact, the report provides insights that 43 percent of the Companies using Cloud Computing are migrating from one Public Cloud Provider to another for a variety of reasons including security, cost and open standards. Here are a few considerations for Cloud migration gleaned from the report.
The demand for Cloud Services continues to climb. Recent forecasts from International Data Corporation (IDC) predict worldwide spending on public Cloud services will grow at a 19.4% compound annual growth rate (CAGR) – from nearly $70 billion in 2015 to more than $141 billion in 2019. This report cited Software as a Service (SaaS) as the leading consumption model for Cloud Services. In addition, Telecommunications is expected to be the fastest-growing vertical industry with a worldwide CAGR of 22.2% over the forecast period of 2014-2019.
Every day more companies realize the cloud offers them brand new ways to solve their business problems. Public Cloud services are available for a wide range of solutions, including Communications and Collaboration, CRM, Contact Center, Email, File Sharing, Network Management, Cloud Storage, and more.
Security is always top of mind with businesses migrating to the Cloud. Cloud Services are rapidly being adopted by most businesses today. According to IDC, the worldwide public cloud services market reached $45.7 billion in 2013 and is projected to grow at a compound annual growth rate (CAGR) of 23% through 2018. Cloud Security is an important consideration for businesses migrating to the Cloud. So, what are the top security concerns businesses face?
Moving to the Cloud is a strategic, business-driven decision. Cloud Computing can offer a range of solutions to help drive business performance. Many businesses are migrating to Cloud Computing already. To ensure you get the most from your investment, you need to be able to determine how cloud solutions can help your business grow revenue, scale, accommodate teleworkers, let you move faster than your competition, and help you make your technology infrastructure costs more predictable. Read on to gain an understanding of the many business benefits of Cloud Computing.
Migrating to the Cloud can be bumpy if you are not prepared. Chances are you have already started migrating to the Cloud. Without realizing it, you may be accessing the Cloud by using mobile and web based applications and services that store and share your data from the Cloud. According to International Data Corporation, (IDC) public IT Cloud services (SaaS, PaaS, and IaaS) spending will reach $127 billion in 2018.
According to the International Data Corporation (IDC), total public IT Cloud services (SaaS, PaaS, and IaaS) spending will reach $127 billion in 2018. Compared to the 4.1% compound annual growth rate the IT market will experience from 2013-2018, the public Cloud will grow at a 22.8% compound annual growth rate. That’s five and a half times more than the total IT market spending!