KPMG Finds Cost is Secondary in Cloud Adoption
December 31, 2014
Grazed from CloudWedge. Author: Editorial Staff.
KPMG’s 2014 Cloud Survey Report of enterprise cloud computing adoption had some significant findings, including the notable shift away from cloud adoption for purely cost reduction purposes and a move to other goals. The Report was compiled from survey answers from 539 C-level global business executives and IT leaders including CEOs’, CIOs’ and CFOs’.
The executives were from organizations spanning more than a dozen major industries, all of which had annual revenues between $100 Million to over $20 Billion. The methodology is explained in greater detail on page 15 of the study. There were a number of points of note including the following; According to Forrester Research, the public cloud market is estimated to reach $191 billion by 2020, a significant climb from 2013’s total of $58 billion…
Forrester asserts that cloud applications will lead this growth, achieving approximately $133 billion in revenue by 2020. Cloud platforms will follow, generating an estimated $44 billion in revenue, and cloud business services will amount to approximately $14 billion in revenue by this time…
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