Enterprise And Individual Users To Fuel Growth In Cloud Computing
September 13, 2012
Grazed from RedOrbit. Author: Enid Burns.
Worldwide spending on cloud services is set to take off. According to a report, “Worldwide and Regional Public IT Cloud Services 2012-2016 Forecast” released by IDC this week, cloud services will see as much as 41% growth over the next four years.
Spending on IT cloud services worldwide will exceed 40 billion this year and will edge toward $100 billion by 2016. The report states that between 2012 and 2016, public IT cloud services will observe a compound annual growth rate of 26.4%. That’s five times the IT industry overall…
“The IT industry is in the midst of an important transformative period as companies invest in the technologies that will drive growth and innovation over the next two to three decades,” said Frank Gens, senior vice president and chief analyst at IDC, in a statement on the report. “By the end of the decade, IDC expects at least 80% of the industry’s growth, and enterprises’ highest-value leverage of IT, will be driven by cloud services and other 3rd Platform technologies.”…
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