Cloud Computing Perfectly Poised for ‘Second Wind’ Growth Spurt

Grazed from 1RedDrop. Author: Editorial Staff.

The growth of cloud computing has not only made companies around the world take notice and shift their IT priorities, but it also made tech giants that sat on the sidelines – like Google and Oracle – take the plunge and fight for market share. Amazon and Microsoft are racing towards $20 billion in annual cloud revenues, which they should hit within the next few years, but considering the furious rate of growth, should we brace for a slowdown in the near future?

Far from it, says Rackspace’s CEO in an interview with ZDNet. “Rackspace CEO Taylor Rhodes said that while revenue across the big cloud players is around $20bn, that’s still dwarfed by the $500bn of applications and data still held in data centers — and it could take a decade or more for all of that to move to the cloud...

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