Doubt Darkens $19 Billion Global Market for Cloud Computing

Grazed from Brink. Author: Editorial Staff.

The future of cloud computing depends on the trust and acceptance businesses place in the industry to store their critical data, but a recent survey of four key markets in the Asia-Pacific region might give the $18.9 billion global market a reason to be concerned. According to the survey—of 130 small and medium enterprises (SMEs) in Indonesia, Malaysia, the Philippines and Singapore—70 percent said they weren’t likely to adopt a cloud first strategy, while just 29 percent have either adopted it or will do so in the next 12 months.

More concerning: 73 percent of companies surveyed believe that their data is safer in their control than it is in the cloud, and only 12 percent believe it to be the other way round. This suggests while businesses may see the cloud as part of their strategy, a majority are not inclined to make it the focal point in terms of how IT is run...

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