Cloud Computing Expected To Continue Accelerated Tech Growth

Cloud Computing Expected To Continue Accelerated Tech Growth

Accelerated Tech Growth

With the worldwide cloud market expected to rise from $111 billion last year to $131 billion in 2013. Gartner, Inc., one of the world’s leading information technology research firms, indicates its accelerated tech growth will continue well into this decade. By 2016, it predicts the majority of new IT spending will be on cloud computing technologies. Read on discover what’s driving this growth.

Cloud Computing Allows for More Flexible Working Conditions

Accelerated Tech Growth

American employees aren’t just working within the confines of the office anymore. Since the turn of the century, the number of American employees working from home has risen by around 41 percent. Around 30 million Americans work from home at least once a week. That number’s expected to grow by 63 percent over the next five years.

Even Americans who travel to the office typically work outside its walls. They’re getting a jump start on work, with the average American checking working e-mails from 7:33 am over breakfast or during their morning commute.

As flexible workplaces increase, businesses will become more reliant on the kind of virtual offices cloud computing can create. Hybrid devices allow employees to log on to their virtual office, no matter where they are, and be as productive as any other member of staff. These devices are compact and portable like traditional tablets, but the keyboards are ideal for composing e-mails or business documents on the go.

Cloud Computing has Applications across Many Industries

Studies show companies that use the internet as a key business tool are twice as likely to grow as those who don’t. It’s no wonder then that more than half of American businesses have already adopted cloud computing technology.

We’re seeing this growth across a range of industries, not just the information technology field. For example, hospitals and doctors are discovering the potential of cloud computing for their businesses. In 2011, the global health care cloud computing industry was worth just $1.8 billion. But more providers are realizing its potential for affordable data storage that can be readily shared with other healthcare providers. By 2017, it’s expected that the worldwide healthcare cloud computing market will be worth $5.4 billion.

Growth will continue as more industries realize the unique ways that cloud computing can work for them.

Cloud Computing Helps Businesses Grow

Cloud computing will continue to grow as more businesses realize the ways it can help them succeed. Cloud computing gives companies greater access to advanced technological resources with far fewer costs than many firms realize.

Cloud computing enables companies to house data offsite, so they don’t need to spend money on additional servers and storage solutions. Many small to medium firms also find it easier to essentially rent storage space rather than paying large fees upfront. Keeping data on the cloud also eliminates maintenance costs.

Companies can also run efficiently with fewer information technology staff, and ensure these employees are better utilized. Information can also be more readily shared amongst employees, which makes workplaces more productive.

Studies show all these factors see cloud computing promoting economic growth and competition across a range of industries.

Cloud Computing is Evolving

Any innovation must evolve to continue experiencing rapid growth. The key to cloud computing’s continued success is its willingness to evolve to better serve businesses. We’re seeing that as tech-savvy companies move from a traditional cloud computing arrangement to hybrid cloud computing. Gartner predicts the private cloud computing model will give way to the hybrid cloud during 2016. By the end of 2017, almost 50 percent of large companies will use hybrid cloud computing.

A hybrid cloud environment sees firms using both private and public cloud services. For example, a legal firm might use a public cloud service to store its archived data, as such services are affordable with limitless space. However, it might prefer to manage sensitive data, about current clients and cases for example, with a private cloud. This approach limits the risk of security breaches while allowing businesses to take advantage of the benefits of public cloud services.

With massive growth and no sign of slowing down, cloud computing may prove to become one of the most important information technology developments of the 21st century.

By Elliot Martinez,

Elliot is a business graduate of the University of South Florida and currently working towards his graduate degree. He is a freelance writer covering all tech topics, Lenovo gadget geek, and social media fanatic.

About CloudTweaks

Established in 2009, CloudTweaks is recognized as one of the leading authorities in connected technology information and services.

We embrace and instill thought leadership insights, relevant and timely news related stories, unbiased benchmark reporting as well as offer green/cleantech learning and consultive services around the world.

Our vision is to create awareness and to help find innovative ways to connect our planet in a positive eco-friendly manner.

In the meantime, you may connect with CloudTweaks by following and sharing our resources.

View All Articles

Sorry, comments are closed for this post.

The Cancer Moonshot: Collaboration Is Key

The Cancer Moonshot: Collaboration Is Key

Cancer Moonshot In his final State of the Union address in January 2016, President Obama announced a new American “moonshot” effort: finding a cure for cancer. The term “moonshot” comes from one of America’s greatest achievements, the moon landing. If the scientific community can achieve that kind of feat, then surely it can rally around…

Connecting With Customers In The Cloud

Connecting With Customers In The Cloud

Customers in the Cloud Global enterprises in every industry are increasingly turning to cloud-based innovators like Salesforce, ServiceNow, WorkDay and Aria, to handle critical systems like billing, IT services, HCM and CRM. One need look no further than Salesforce’s and Amazon’s most recent earnings report, to see this indeed is not a passing fad, but…

Is Machine Learning Making Your Data Scientists Obsolete?

Is Machine Learning Making Your Data Scientists Obsolete?

Machine Learning and Data Scientists In a recent study, almost all the businesses surveyed stated that big data analytics were fundamental to their business strategies. Although the field of computer and information research scientists is growing faster than any other occupation, the increasing applicability of data science across business sectors is leading to an exponential…

Using Cloud Technology In The Education Industry

Using Cloud Technology In The Education Industry

Education Tech and the Cloud Arguably one of society’s most important functions, teaching can still seem antiquated at times. Many schools still function similarly to how they did five or 10 years ago, which is surprising considering the amount of technical innovation we’ve seen in the past decade. Education is an industry ripe for innovation…

Cloud-Based Services vs. On-Premises: It’s About More Than Just Dollars

Cloud-Based Services vs. On-Premises: It’s About More Than Just Dollars

Cloud-Based Services vs. On-Premises The surface costs might give you pause, but the cost of diminishing your differentiators is far greater. Will a shift to the cloud save you money? Potential savings are historically the main business driver cited when companies move to the cloud, but it shouldn’t be viewed as a cost-saving exercise. There…

Despite Record Breaches, Secure Third Party Access Still Not An IT Priority

Despite Record Breaches, Secure Third Party Access Still Not An IT Priority

Secure Third Party Access Still Not An IT Priority Research has revealed that third parties cause 63 percent of all data breaches. From HVAC contractors, to IT consultants, to supply chain analysts and beyond, the threats posed by third parties are real and growing. Deloitte, in its Global Survey 2016 of third party risk, reported…

Three Tips To Simplify Governance, Risk and Compliance

Three Tips To Simplify Governance, Risk and Compliance

Governance, Risk and Compliance Businesses are under pressure to deliver against a backdrop of evolving regulations and security threats. In the face of such challenges they strive to perform better, be leaner, cut costs and be more efficient. Effective governance, risk and compliance (GRC) can help preserve the business’ corporate integrity and protect the brand,…

Three Reasons Cloud Adoption Can Close The Federal Government’s Tech Gap

Three Reasons Cloud Adoption Can Close The Federal Government’s Tech Gap

Federal Government Cloud Adoption No one has ever accused the U.S. government of being technologically savvy. Aging software, systems and processes, internal politics, restricted budgets and a cultural resistance to change have set the federal sector years behind its private sector counterparts. Data and information security concerns have also been a major contributing factor inhibiting the…