Accenture Invests To Enhance Cloud Platform Services

Grazed from SeekingAlpha.  Author: Editorial Staff.

Cloud computing is no longer an emerging trend. For instance, salesforce.com has seen 14 years of operation and it has been more than 5 years since it topped 1 million subscribers. Similarly, other organizations operating in cloud computing have made significant progress in cloud-enabling their applications. However, recent innovations in this sector, such as everything-as-a-service (XaaS), are signs that there are still opportunities yet to be tapped into.

Realizing these trends and helping its clients to get the most business value from cloud computing along with an anticipation of a greater demand for public cloud, Accenture PLC (ACN) has launched the Accenture Cloud Platform. Also, Accenture will invest more than $400 million in cloud technologies, capabilities and training by 2015 in an attempt to deliver the right cloud services from its network of providers, as well as blending its own industry solutions and innovations with third party offerings…

How big is the cloud?

According to the IDC cloud research, worldwide revenues from public IT cloud services exceeded $21.5 billion in 2010 and are expected to reach $72.9 billion by 2015, achieving a CAGR of 27.64%, far superior to the growth of 6.7% expected to be experienced by the worldwide IT market as a whole over the same period. It is also estimated in the research that by 2015, one of every seven dollars spent on packaged software, server and storage offerings will be through the public cloud model. Within the cloud arena, the size of the Software as a Service (SAAS) solutions market, in which Accenture predominantly operates, is expected to reach $37 billion by the end of 2016…

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