Survey Results: Whooping One-Third Of IT Budget Dedicated To Cloud Computing

Survey Results: Whooping One-Third of IT Budget Dedicated to Cloud Computing

Reports released by IDG Enterprise are a clear indicative of the fact that IT ventures are now investing profoundly in the cloud computing domain. The findings originate from a survey comprising of about 1650 ICT and business executives. It has been unveiled that on average, more than 34% of the present day IT fiscal reserves are allocated to cloud computing solutions.

The study sheds light upon the findings that the lion’s share of the budget is spent on private cloud providers residing inside the boundaries of corporations. Private deployment continues to be the segment where the heftiest proportion of information resides on the cloud in present times – estimated to be a decent 24%. The percentage is set to flourish in coming months, with an anticipated sky-rocketing to 33% in the approaching 18 months.

The pronouncement that cloud services have now secured slightly more than one-third of the total IT budgets augments the toehold cloud computing has acquired within IT ventures. Let this be absolutely clear that cloud computing is not merely about gaining budgeting ground. An estimated 25% of the survey participants are strong advocates of cloud computing as a business strategy shaping catalyst.

Furthermore, as per predictions chalked out in the report, cloud based services might strengthen their stranglehold to an extent that about two third of the existing corporations are willing to increase cloud spending in the next year. A mean increase of 16% in cloud based spending by companies is forecasted in the same time frame. In addition, seven out of every ten ventures realize the prevalent need of personnel skill enhancement indispensable to keep pace with the latest developments in cloud computing trends.

The findings reveal that majority of the surveyed companies are planning to transfer a number of applications to cloud based sources within the next three years. The most significant among the aspirant migrant application base are messaging applications (primarily email), collaboration and conferencing software (including audio and video centered applications), data and information storage, human resource management, customer relationship management and entity relationship management tool set.

The study discloses that despite the comparatively higher start-up expenses involved in the implementation of cloud initiatives, an enormous proportion (about 63%) of corporations are convinced that the relocating to the cloud is bound to be cost saving in the long run.

The discoveries are not entirely encouraging though. About 70% of the survey participants have expressed unfathomable unease regarding security concerns pertinent to cloud deployment. Similar discomfort about timely information access follows the tracks at an estimated 40%.

By Humayun Shahid

About Humayun

With degrees in Communication Systems Engineering and Signal Processing, Humayun currently works as a lecturer at Pakistan's leading engineering university. The author has an inclination towards incorporating quality user experience design in smartphone and web applications.

View All Articles

Sorry, comments are closed for this post.

Knots And Cloud Service Providers

Knots And Cloud Service Providers

How Do These Two Compare? In Boy Scouts, I learned how to tie knots. The quickest knot you can tie is the slipknot. It’s very effective for connecting one thing to another via the rope you have. It was used in setting up tents, mooring boats to docks temporarily and lifting your food up into…

Global Cloud Development An Open Question

Global Cloud Development An Open Question

Global Cloud Development Statistics and projections from Cisco’s Global Cloud Index show that the world’s data centers are already processing 4.7 zettabytes (4.7 million petabytes) per year. Cisco research says this amount will continue to grow by 23% annually for the next few years. (Inforgraphic Source: https://visual.ly/how-much-petabyte) If we project these numbers over the next 25…

Are You Sure You’re Ready For The Cloud?: Connectivity

Are You Sure You’re Ready For The Cloud?: Connectivity

Cloud Connectivity Many times when we think of “cloud” we think of the elastic compute and storage, but we forget one very important thing, connectivity. Even though connectivity is no part of the cloud itself, it does have a direct bearing on how we access it, use it, and play around with it. If our…

Cloud Service Provider Selection Considerations

Cloud Service Provider Selection Considerations

Why Cloud Brokers Make Sense Different workloads perform differently on different cloud service providers. Enough so that it is prudent in planning to consider the optimal configuration and the optimal CSP for your solution. Consider this old word problem from years ago. One person can carry two buckets of water. It takes 5 minutes to…

AWS re:Invent: Billions & Billions of Dollars

AWS re:Invent: Billions & Billions of Dollars

AWS re:Invent The massive AWS re:Invent show this week in Las Vegas is a celebration of cloud computing. What was formerly debatable is now inevitable: the world is moving to cloud. Amazon’s annual cloud revenues of about $7 billion, combined with an estimated $5 billion annual run rate by competitor Microsoft Azure, and the odd…

New Smartphones From Apple, Samsung and HTC Promise To Light Up 2016

New Smartphones From Apple, Samsung and HTC Promise To Light Up 2016

New Smartphones from Apple, Samsung and HTC (Sponsored post courtesy of Verizon Wireless) The launch of the Galaxy S7 Edge at the Mobile World Congress in Barcelona during February was the first shot in a vintage year for mobile phones. The S7 is an incredible piece of hardware, but launches from HTC and Apple later in the…

Featured Sponsored Articles
How Successful Businesses Ensure Quality Team Communication

How Successful Businesses Ensure Quality Team Communication

Quality Team Communication  (Sponsored post courtesy of Hubgets) Successful team communication and collaboration are as vital to project and overall business success as the quality of products and services an organization develops. We rely on a host of business tools to ensure appropriate customer interactions, sound product manufacturing, and smooth back-end operations. However, the interpersonal relationships…

Featured Sponsored Articles
How To Develop A Business Continuity Plan Using Internet Performance Management

How To Develop A Business Continuity Plan Using Internet Performance Management

Internet Performance Management Planning CDN Performance Series Provided By Dyn In our previous post, we laid out the problems of business continuity and Internet Performance Management in today’s online environment.  In this article, we will take a look at some of the ways you can use traffic steering capabilities to execute business continuity planning and…

Featured Sponsored Articles

CloudTweaks is recognized as one of the leading influencers in cloud computing, infosec, big data and the internet of things (IoT) information. Our goal is to continue to build our growing information portal by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Sponsor