Cloud will be $107B industry by 2017: IDC
Grazed from Network World. Author: Brandon Butler.
Cloud computing was an estimated $47.4 billion industry in 2013 and is expected to more than double to $107 billion by 2017, research firm IDC predicts. The cloud’s 23.5% compound annual growth rate is five times faster than that of the broader technology market, IDC Vice President of data center and cloud Rick Villars said during the IDC Directions conference on Wednesday in Boston.
Cloud’s adoption has been driven by three major factors: scale, complexity and speed, Villars said. The cloud offers scale that regular businesses do not have, which allows them to deliver more complex services faster. The explosion of mobile devices was one of the first megatrends that significantly ramped up the need for cloud computing services…


There is strong evidence that cloud computing and cloud storage will experience big growth spurts this year. The cloud has more to offer than ever before, and competition among providers for mindshare is producing highly differentiated products with real appeal to businesses of all sizes and types, particularly in the mid-market.
Fusion PPT, a recognized strategy and technology consulting firm, announced today that CEO Michael Biddick will be a featured guest speaker on The Enterprise Cloud Site monthly Radio Show to share his advice about “Strategies for Success With Your Hybrid Cloud.” Biddick will join The Enterprise Cloud Site community as a guest on the show on at 1PM ET on Thursday, March 27th, 2014. Biddick, an expert in the field of cloud computing who has authored a book on “Federal Cloud Computing” and written over 50 articles on cloud-related topics, will provide his insight on how to make a hybrid cloud work for your organization and what organizations are really doing with hybrid clouds.