Enterprise Spending On Cloud To Triple By 2017
February 17, 2014
Grazed from CXOToday. Author: Editorial Staff.
Corporate spending on cloud computing is expected to triple from 2011 to 2017, according to IHS Technology (IHS) report, which predicts that enterprise spending on cloud computing will amount to nearly $235.1 billion, triple the $78.2 billion spent in 2011. This year, global business spending for infrastructure and services related to the cloud will reach an estimated $174.2 billion, up 20% from the amount spent in 2013, says the study.
“Cloud services, applications, security and data analytics will account for an ever-growing portion of total information technology spending by enterprises, valued at about $2 trillion at present,” IHS analyst Jagdish Rebello says in a statement. He adds that the robust growth will come as an increasing number of large and small enterprises move more of their applications to the cloud, while also looking at data analytics to drive new insights into consumer behavior…
The HIS report notes that among the large tech companies battling for market share in the cloud are Amazon.com, Google and Microsoft. Other companies like Dropbox and Carbonite that specialize in cloud-based data storage services and those that sell online software application services such as Salesforce.com and Workday will dominate the cloud landscape…
Read more from the source @ http://www.cxotoday.com/story/enterprise-spending-on-cloud-to-triple-by-2017/
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