Cloud Computing Services: Spend Wisely
Research shows that, by 2017, spending on cloud computing services is expected to reach $235.1 billion. A report from consulting firm IHS Technology shows that this prediction is three times higher than the $78.2 billion spent in 2011.
Investment Breakdown
This estimate is one of the highest spending predictions to date, which invites the question of how that money will be spent. According to an article from InfoWorld, those funds will be used for infrastructure, application hosting and data analytics. Most of the spending will be put toward infrastructure, including the migration and computing related to enterprise-to-cloud storage. The use of public infrastructure-as-a-service (IaaS) clouds will see the biggest rise while private cloud growth is expected to spike in the next few years…


The irony of the storage industry is that as data volumes continue to soar and storage budgets grab a larger share of overall IT budgets, the system vendors positioned to profit from those trends are under intense financial pressure. The aggregate growth rate of storage vendors is flat to negative, as cheaper technology alternatives emerge and as some cash-strapped customers delay their storage purchasing decisions, in part to evaluate alternative models such as cloud, virtualization, and even open source.