This is simply one of the best articles about Cloud Computing that I have ever read.
Let me give some historical perspective. A few years back we started CloudIsAFad.com based on the fact that ‘cloud’ was deemed by many people as “A Fad”, or “all hype” and “no revenue”. Well to the nay-sayers of ‘cloud’, I simply would like to ask you now, ‘do you think Cloud Is A Fad?’. I defiantly ask you “do you think that ‘the cloud’ is just the internet re-branded?”
I started to summarize-the-summaries of this article below but after a few bullet-points I reconsidered and thought I just ought to redirect you to the article itself as it clearly articulates trends, forecasts with many great references and charts.
- Public IT cloud services will grow at over 7X the rest of the comparable market
- Gartner predicts that the bulk of new IT spending by 2016 will be for cloud computing platforms and applications
- McKinsey & Company projects that the total economic impact of cloud technology could be $1.7 trillion to $6.2 trillion annually in 2025.
- IDC predicts public IT cloud services will reach $47.4B in 2013 and is expected to be more than $107B in 2017. Over the 2013–2017 forecast period, public IT cloud services will have a compound annual growth rate (CAGR) of 23.5%, five times that of the IT industry as a whole. The growing focus on cloud services as a business innovation platform will help to drive spending on public IT cloud services to new levels throughout the forecast period. By 2017, IDC expects public IT cloud services will drive 17% of IT product spending and nearly half of all growth across five technology categories: applications, system infrastructure software, platform as a service (PaaS), servers, and basic storage. Software as a service (SaaS) will remain the largest public IT cloud services category throughout the forecast, capturing 59.7% of revenues in 2017. The fastest growing categories will be PaaS and Infrastructure as a service (IaaS), with CAGRs of 29.7% and 27.2%, respectively.