Is Cloud Computing On Course to Becoming a $100 Billion Market?
January 28, 2013
Grazed from Sys Con Media. Author: Jeremy Geelan.
"Cloud computing’s not a panacea and it’s not the ideal solution for every business situation," wrote Oracle SVP Bob Evans recently in Forbes, "but at the same time, it’s no longer some nebulous (pardon me) theory whose risk is high and whose potential benefits are impossible to quantify."
Evans was commenting on the state of the infrastructure industry in response to a report by McKinsey consultants James Kaplan, Chris Rezek, and Kara Sprague in which they suggested that the recent IDC saying spending on third-party-managed and public-cloud environments will surpass $70 billion in 2015 might significantly under-estimate the true size of the market…
According to the McKinsey authors, 80% of large North American institutions surveyed "are planning or executing programs to make use of cloud environments to host critical applications – mostly by building private-cloud environments.”…
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