Cloud Spending

Worldwide Spending on Industry Cloud by Financial Firms Set To Grow by 24% in 2018, According to IDC

Grazed from IDC

Worldwide spending on industry cloud in the finance industry (banking, insurance, and securities and investment services combined) is expected to reach $3.2 billion in 2017, which represents an increase of 26% over 2016, according to the International Data Corporation (IDC) Worldwide Semiannual Industry Cloud Tracker. IDC expects the amount to more than double in 2021, amassing total worldwide spending of $7.2 billion.

The manufacturing industry (both discrete and process combined) was a larger spender on industry cloud though, relative to its finance counterpart. This industry is expected to spend $4.2 billion in 2017 and achieve year-over-year growth of 23% in 2018. Similar to the finance industry, the manufacturing industry is also set to double its 2017 spending in 2021, reaching a total of $9.2 billion by then.

However, these two industries pale in comparison when matched against the spending might of healthcare providers. IDC forecasts healthcare providers across the world will spend a total of $8.9 billion in adopting industry cloud solutions during 2017. This industry is expected to increase spending by 20% year over year in 2018 on industry cloud solutions; by 2021, the same industry will spend a staggering $17.6 billion on industry cloud.

Agencies on a roller coaster ride with cloud spending

Grazed from FederalNewsRadio. Author: Jason Miller.

Sometimes covering the federal IT community is like a bad roller coaster. The buildup when going up the big hill is exciting and stomach churning. But when the downhill falls flat, you feel a little cheated. That’s the feeling today when it comes to cloud computing. You can’t shake a stick at a conference without someone mentioning the need to the cloud. The crucial role software-, platform-, infrastructure-as-a-service play and will continue to play in the future of federal IT always is hot topic.

But then Deltek’s GovWin puts out a report that is like that flat roller coaster ride. GovWin, a market research firm, looked at preliminary federal procurement data for fiscal 2016 that shows spending on cloud computing hasn’t lived up to its hype. GovWin found civilian agencies have awarded $75.4 million in cloud contracts in 2016 and the Defense Department, its services and agencies awarded $45.3 million in 2016...

Spiceworks Launches Free Tool to Help IT Professionals Track and Manage Cloud Spending

Grazed from Spiceworks

Spiceworks, the professional network for IT, today announced Cloud Cost Monitor, a free online tool that connects to IT professionals' Microsoft Azure and Amazon Web Services accounts to analyze and report on organizations' infrastructure as a service (IaaS) costs and utilized resources. The tool's online dashboard displays a breakdown of an organization's IaaS spending, including weekly cost trends that can be delivered as an email report. This helps IT professionals identify and address any anomalies in their cloud usage before their monthly invoice arrives. 

According to Spiceworks' study Diving into IT Cloud Services, only 25 percent of IT professionals believe cloud services are more cost effective than on-premises infrastructure, potentially due to a lack of visibility in how their cloud services are being utilized and the impact on monthly costs. Cloud Cost Monitor is designed to help IT professionals overcome the challenges of keeping their IaaS costs under control by enabling them to track how their usage and costs are trending over time.


Cloud and security are main IT spending areas this year

Grazed from Channelbiz. Author: Antony Savvas.

New cloud-based solutions (56 percent) and data security (50 percent) are the key areas of investment for IT departments in the UK this year, according to research. A study of 400 senior IT decision makers from medium and large organisations in the UK, France and Germany has established the main spending priorities of firms.

Cloud solutions are seen as a key investment priority as they enable the simple management of data, documents and applications employees use on their devices. Through cloud computing, businesses are also able to use IT on demand, enabling them to upscale or downsize their computing provision in line with business growth...

IT Spend and Cloud Computing Rising in 2015

Grazed from MSPMentor. Author: Michael Brown.

This year, it looks like IT spending is going up, and cloud-based file sharing is a big contributor. A survey of IT executives shows 43 percent of companies plan to increase their IT budget in 2015, with the average increase at 13 percent. Here is what they plan to spend their IT budgets on this year.

Cloud Computing

Cloud-based sharing and storage has seen a major increase in the past few years, but 2015 looks to be its biggest year yet. 40% of those surveyed planned to increase their spending on cloud computing and software as a service (SaaS). Companies can now really see the value in increasing their flexibility and accessibility by leveraging the cloud...

Cloud Spending Up, Where's The Money Going Now?

Grazed from Forbes. Author: Joe McKendrick.

Information technology spending is still expected to maintain its upward trajectory over the coming year, so that begs the question: where will all this extra money be going? Where should it go? A new survey of 112 executives from Piper Jaffray suggests that more IT spending is being funneled into cloud computing services.

Overall IT spending increased 2.6% from last year, and two-thirds of respondents say they will boost their budgets at least as much in 2015. Most of the boost goes to cloud services — average cloud budgets are up six percent, compared to a two-percent jump in on-premises spending...

Government 'to surpass private sector cloud spend'

Grazed from CBROnline. Author: Joe Curtis.

Governments are set to spend proportionally more on cloud computing than private industries as expenditure is predicted to increase 35% year-on-year until 2018. The UK government's annual budget for cloud services will grow by 35.6% year-on-year over the next four years, according to the latest statistics released exclusively to CBR by research firm Kable.

That outlay is 4.5% more than the combined predicted cloud spend of Britain's financial, pharmaceutical, manufacturing and insurance industries. Kable also pegs the UK government to lead international public sector spend on cloud, ahead of the US (34.7% year-on-year), Denmark (30.5%), and Canada (30.1%), hitting $8.4bn by 2018...

Cloud Spending by Companies Outpaces Predictions, Forrester Says

Grazed from BusinessWeek. Author: Ian King.

Corporate spending on cloud-computing services, software and resources will reach $191 billion in 2020 as companies replace older equipment and programs with Internet-based systems, a research firm said. Growth in the cloud market is outrunning prior forecasts, according to Forrester Research Inc. (FORR:US), which projects a rise from $58 billion last year to $72 billion this year.

The market is on course to be about 20 percent bigger by 2020 than estimated earlier, Forrester said in a report to be published today. Cloud computing has reached “hypergrowth” as businesses replace standard licensed software from companies such as Oracle Corp., SAP AG and Microsoft Corp. with Web-based subscription versions, known as software-as-a-service, said Andrew Bartels, an analyst at Forrester...

Enterprise cloud spending to hit $235B by 2017

Grazed from ZDNet. Author: Ryan Huang.

Enterprises will spend more than US$235 billion on cloud architecture and services by 2017 — a 35 percent gain from the US$174 billion projected to be spent this year. “Enterprises today are trying to create faster, more efficient I.T. environments to ensure more responsive, agile and successful businesses,” said Jagdish Rebello, senior director for information technology at IHS.

"In these cloud-based settings, enterprises also want to integrate the deep analytical power of big data, which will give them competitive advantages through insights about present and prospective customers." Enterprises are simultaneously augmenting their on-site services and capabilities with the cloud and gradually transferring those functions to online competencies, noted IHS...