Cloud will be $107B industry by 2017: IDC
March 19, 2014
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…
“For every mobile device that’s launched, there has to be a large data center behind it to enable it,” he said. This led to a wave of “mega data centers” being built by the likes of Google, Verizon and others…
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