Research into the IT marketplace shows signs that cloud computing has moved beyond the exploratory, now becoming an established element in the computing sector.
According to estimates, by the end of 2013 the public cloud services market boasted revenues of $58 billion. The study by Forrester estimates that this will grow to $191 billion by the year 2020.
Researchers state the cloud marketplace is in hypergrowth. It continues to drive changes in software, hardware, and IT outsourcing sectors, and it now provides a foundation for customer innovation. But you have to be in it to win it.
Forrester segments the market as follows: Cloud application are leading the growth, at $133 billion in 2020; cloud platforms will generate $44 billion in revenue by 2020; cloud business services are set to come in at $14 billion.
Experts suggest that SaaS (software as a service) will start to replace other systems. Currently, growth has been mainly in complementing exisiting core solutions. By the year 2020, public cloud platforms are expected to rival traditional infrastructure deployments.
When it comes to cloud computing in the business environment, now is the time to get on board, if you haven’t already made a commitment to this platform. There are a wealth of benefits including low cost, reliable, flexible computing and the ability to access data from a secure, centralised platform.
Find out more about the benefits of cloud computing for your business with JDM Computing.