SMEs to fuel cloud computing

Grazed from NationMultimedia. Author: Asina Pornwasin.

Cloud computing is expected to be the next big move in the Infor-mation and Communications Technology (ICT) industry in Thailand and across the Asian region. It is expected that the global market for cloud computing will grow at a compounded annual rate of 28 per cent. Spending on cloud services will generate nearly 14 million jobs worldwide by 2015 and information technology (IT) innovation created by cloud computing could produce US$1.1 trillion (Bt33 trillion) a year in new business revenues. Cloud computing has been a new and major trend and is expected to be a major game-changer for businesses.

Gartner Inc, a technology research firm, forecasts public cloud services will be worth $109 billion this year, while the European Union expects the cloud to add as much as $206 billion to annual gross domestic product (GDP) between now and 2020. And, at the end of 2016, more than 50 per cent of the top 1,000 global companies will have stored customer-sensitive data in the public cloud…

Asia-Pacific remains poised for continued economic growth. Key to this has been the performance and positioning of small and medium-sized enterprises (SMEs), which represent over 95 per cent of businesses in the region, generate over half of all employment and anywhere from 30-60 per cent of GDP…

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