Inside the Cloud Computing Trend

Grazed from InvestingDaily. Author: Chad Fraser.

The move toward cloud computing continues to pick up speed. According to a September report from technology research firm IDC, global spending on public IT cloud services will total $47.4 billion in 2013 and will rise to over $107 billion in 2017. In all, cloud computing’s compound annual growth rate (CAGR) during the period (23.5%) is expected to be five times that of the IT industry as a whole.

IDC sees the U.S. as holding its place as the largest public IT cloud services market, though its share will fall from 56.9% in 2013 to 43.9% in 2017. In emerging markets, however, cloud spending is expected to post a CAGR of 37.3%, nearly twice the rate of developed countries…

Cloud Computing 101

In a broad sense, cloud computing refers to the accessing of data or applications on remote servers via the Internet. That’s different from the traditional model of local computing, where you access most of your resources either on your own machine or through your company’s internal network…

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