Cloud Computing Enters The Growth And Innovation Phase, IDC Says
September 30, 2013
Grazed from IT Jungle. Author: Alex Woodie.
If you thought this whole cloud thing was just a passing fad, you’d be wrong–at least according to the industry watchers at IDC, which this month made some pretty tall predictions concerning the size, scope, and growth of the cloud computing phenomenon. According to IDC, spending on public cloud computing (as opposed to private cloud services) will grow from $47.3 billion this year to $107 billion by 2017.
That represents a 23.5 percent compound annual growth rate (CAGR), which is more than five times the rate of growth for the IT industry as a whole. As the "3rd Platform" enters Chapter Two of its life, the big growth driver will shift from saving the IT department a few bucks by basically outsourcing the care and feeding of servers, to enabling startups to do new, interesting, and highly profitable things with cutting-edge clouds…
"Over the next several years, the primary driver for cloud adoption will shift from economics to innovation as leading-edge companies invest in cloud services as the foundation for new competitive offerings," says Frank Gens, senior vice president and chief analyst at IDC…
Read more from the source @ http://www.itjungle.com/tfh/tfh093013-story05.html