According to the International Data Corporation (IDC), total public IT Cloud services (SaaS, PaaS, and IaaS) spending will reach $127 billion in 2018. Compared to the 4.1% compound annual growth rate the IT market will experience from 2013-2018, the public Cloud will grow at a 22.8% compound annual growth rate. That’s five and a half times more than the total IT market spending!
Around 2008, the IT industry started to experience a massive shift in traditional computing. The International Data Corporation (IDC) began referring to this change as the “3rd platform.” The 3rd platform is built on the four technology pillars for innovation and growth: Cloud, mobile, big data, and social technologies.
Cloud Computing is only beginning its growth and progression; more than half of all businesses have already implemented Cloud Computing in some way or another into their day-to-day operations. Whether you need improved security, lowered costs, higher efficiency, a backup plan, or a mixture of these benefits, the Cloud is the answer.
There are many things on our minds as we enter the New Year. For those of you running a business, a question on the forefront of your mind should be: What can we expect from the world of technology in the coming year? Because technology changes so fast these days, it’s important to be ahead of the game and be ready to adapt to changing times. Here is what to expect from the biggest technology trends in 2015:
In just the past few years, it has become evident that the topic of cloud computing has shifted from a potential game changer to an essential ingredient of modern IT. For those moving down the path of business transformation, the cloud is the primary driver. The International Data Corporation estimates the public cloud market to grow at 23% CAGR through 2018