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

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.

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

  1. Cloud momentum reminds me of the server virtualization push a few years back, which, in my opinion, helped support a hardware upgrade cycle during a recession. But studies like this may (even) under-represent the cloud opportunity. Why? Two trends: #1 LOB (non-IT/shadow IT) is also implementing cloud (via public cloud services); #2 Inevitable push to expand beyond private cloud to the public cloud and back … i.e. hybrid cloud / (what HP calls) Converged Cloud / likely many other monikers, as well. –Paul Calento http://bit.ly/paul_calento

    •  @pcalento Rightly said. Considering the Converged Cloud paradigm (and other highlighted trends), the study is more of an under-representation of the plethora of opportunities exclusive to cloud technology.    

  2. Cloud momentum reminds me of the server virtualization push a few years back, which, in my opinion, helped support a hardware upgrade cycle during a recession. But studies like this may (even) under-represent the cloud opportunity. Why? Two trends: #1 LOB (non-IT/shadow IT) is also implementing cloud (via public cloud services); #2 Inevitable push to expand beyond private cloud to the public cloud and back … i.e. hybrid cloud / (what HP calls) Converged Cloud / likely many other monikers, as well. –Paul Calento http://bit.ly/paul_calento

  3.  @pcalento Rightly said. Considering the Converged Cloud paradigm (and other highlighted trends), the study is more of an under-representation of the plethora of opportunities exclusive to cloud technology.    


CloudTweaks Sponsors - Find out more!

Popular

Top Viral Impact

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by…

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic – The Internet Of Things In 2020

Cloud Infographic –  The Internet Of Things In 2020 The growing interest in the Internet of Things is amongst us and there is much discussion. Attached is an archived but still relevant infographic by Intel which has produced a memorizing snapshot at how the number of connected devices have exploded since the birth of the…

Using Big Data To Make Cities Smarter

Using Big Data To Make Cities Smarter

Using Big Data To Make Cities Smarter The city of the future is impeccably documented. Sensors are used to measure air quality, traffic patterns, and crowd movement. Emerging neighborhoods are quickly recognized, public safety threats are found via social networks, and emergencies are dealt with quicklier. Crowdsourcing reduces commuting times, provides people with better transportation…

Cloud Infographic – Cyber Security And The New Frontier

Cloud Infographic – Cyber Security And The New Frontier

Cyber Security: The New Frontier The security environment of the 21st century is constantly evolving, and it’s difficult to predict where the next threats and dangers will come from. But one thing is clear: the ever-expanding frontier of digital space will continue to present firms and governments with security challenges. From politically-motivated Denial-of-Service attacks to…

Big Data Analytics Adoption

Big Data Analytics Adoption

Big Data Analytics Adoption Big Data is an emerging phenomenon. Nowadays, many organizations have adopted information technology (IT) and information systems (IS) in business to handle huge amounts of data and gain better insights into their business. Many scholars believe that Business Intelligence (BI), solutions with Analytics capabilities, offer benefits to companies to achieve competitive…


Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and 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.

You can help continue to support our community by social sharing, sponsoring, partnering or contributing to this great educational resource.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021
contact@cloudtweaks.com

Join our newsletter