Clouds tipped to suck up IT spend

November 4, 2013 Off By David

Grazed from WhaTech.  Author: Editorial Staff.

The use of cloud computing is growing and by 2016 will account for become the bulk of new IT spend, according to Gartner. “2016 will be a defining year for cloud as private cloud begins to give way to hybrid cloud, and nearly half of large enterprises will have hybrid cloud deployments by the end of 2017,” Gartner says.

Gartner expects cloud services revenue in Australia to have a compound annual growth rate (CAGR) of 15.3 percent from 2012 to 2017 across all segments of the cloud computing market. It expects software as a service (SaaS) and infrastructure as a service (IaaS) to have even higher growth rates, 23.6 percent and 24.5 percent respectively…


Ed Anderson, research director at Gartner, said these growth rates were much higher than those for IT spend overall and were being driven by new IT computing scenarios being deployed using cloud models, as well as by the migration of traditional IT services to cloud service alternatives…

Read more from the source @ http://www.whatech.com/cloud-computing/16967-clouds-tipped-to-suck-up-it-spend