Cloud Economy

IaaS, PaaS, SaaS To Lead $390bn Cloud Economy

Grazed from DataEconomy. Author: Joao Marques Lima.

Global cloud IT market revenues are set to more than double by 2020 with both public and private cloud hardware, software and services set to generate $390bn in revenues by the end of this decade. According to Bain & Company’s “The Changing Faces of the Cloud” report, market revenues accounted to ‘only’ $180bn in 2015 and are now set to grow at a compound annual growth rate (CAGR) of 17% until 2020.

Of the $390bn estimated cloud market, public cloud services are set to represent the largest part of the sector, with Software as a Service (SaaS) predicted to grow at a CAGR of 18%. Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) are tipped for a 27% CAGR. Public cloud infrastructure and enabling services are predicted to increase at a 12% CAGR while private cloud services, including managed private clouds (MPC) and dedicated private clouds (DPC), are predicted to grow at a 25% CAGR...

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Cloud Computing: Disrupting the Data Center to Create the Digital Services Economy

Grazed from CIO. Author: Diane Bryant.

I had the pleasure of joining Tom Krazit on stage at the Gigaom Structure'14 conference to share Intel's vision of the data center in support of the growth of the digital services economy. We are in the midst of a bold industry transformation as IT evolves from supporting the business to being the business. This transformation and the move to cloud computing calls into question many of the fundamental principles of data center architecture.

Two significant changes are the move to software defined infrastructure (SDI) and the move to scale-out, distributed applications. The speed of application development and deployment of new services is rapid. The infrastructure must keep pace. It must move from statically configured to dynamic, from manually operated to fully automated, and from fixed function to open standard. As we have many times in our history, Intel is embracing this transformation and driving technology innovation to re-architect today's data centers for the future...

Hybrid Cloud Computing for the Modern Economy

Grazed from DataCenterKnowledge. Author: Robert Jenkins.

Since the dawn of cloud computing, its appeal to businesses could be summed up in three words: scalability, availability and accessibility. But, cloud computing has been around for a while now, and like any other technology, we inevitably reach the point where people start asking what’s next. We live in an age where paradigm-shifting innovations are rolled out more often than at any other point in history.

Consequently, businesses never stop looking for the next breakthrough that will launch the next generation of their product or service. Scalability, availability and accessibility will always be the pillars upon which the cloud was built, but where is that next cost-efficiency upgrade coming from?...

In New Cloud Economy, Specific IT Careers Will Be in Demand

Grazed from Midsize Insider. Author: Robert Lawson.

Predictions and trends point to a specialized market of IT professionals in the new cloud computing environment that is already changing the overall economy at scale. The computing method that virtualizes data is becoming the top preference around the world, and study after study shows the same trend of exponential growth and adoption.

A Global Information Marketplace

The market is rapidly changing in the digital age. The Internet of Things (IoT) is emerging to disrupt the larger economy as more product and service delivery moves to cyberspace, consumers are increasingly connected to this space. The Daily Star noted that there is a "cloud economy ecosystem," which refers to the relationships between technology and business, government and innovation, production and consumption...

Cloud Computing: IBM Says Economy Remains Discouraging

Grazed from Bloomberg. Author: Alex Barinka.

International Business Machines Corp. (IBM), the world’s largest provider of computing services, continues to face economic challenges as it tries to reignite declining sales, Senior Vice President Erich Clementi said. Demand for technology services, IBM’s biggest source of revenue, “depends on what the economic climate is, and that has not been very encouraging,” Clementi said at a Bank of Montreal conference today in New York. “Europe has shown signs of recovery. North America has been a little more uncertain.”

Many businesses remain wary about spending money on physical assets, such as computer hardware, machinery or warehouses. Instead, they’re using software and cloud-computing services to increase efficiency and reach more customers over the Internet. While IBM ultimately expects to benefit from that shift to the cloud, the hardware slump has contributed to six straight quarters of declining revenue. “The big bet is on cloud and the software that are on top,” Clementi said...

Cloud Computing Boosts The Economy

Grazed from HostReview. Author: PR Announcement.

Cloud computing is the most effective means for small, medium and large enterprises in reducing their IT cost. Not only does it eliminate most of the infrastructure CapEx because it eliminates the need to buy servers any more, even the total operating cost of running the infrastructure is significantly lower. The benefits apply both to start-ups and to established organizations. Had it not been for the Cloud, Instagram could never have gone from zero to 100 million active users in less than 18 months; the infrastructure scale-up challenges, not to mention the capital investment in hardware, would have curtailed such growth to a minor percentage of what actually transpired.

Thus Cloud Computing is undoubtedly a great boon for companies everywhere, and, therefore, a boost for the world economy. In a recent interview with bodHOST’s CEO Probal DasGupta, he recalled the Instagram growth, and its $1 billion acquisition by FaceBook; and, compared it to the mere $35 million paid by Yahoo for a similar service, Flickr, in 2005. One factor that might have played in Instagram’s favor was access to more advanced Cloud technology...