Cloud Computing Expected To Continue Accelerated Growth

Cloud Computing Expected To Continue Accelerated Growth

Cloud computing is on the rise, with the worldwide 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 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

cloud_157

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 jumpstart 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 market 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.

Comic
How Secure Is Your School Campus Network?

How Secure Is Your School Campus Network?

School Networks School related networks are one of the most attacked sectors today, coming in third worldwide to healthcare and retail. Because of the ever growing threat of cybercrime, IT professionals everywhere aren’t thinking in terms of “what if our network gets attacked?” Now, they think in terms of “when will our network be attacked?”…

IBM and VMware Expand Partnership to Enable Easy Hybrid Cloud Adoption

IBM and VMware Expand Partnership to Enable Easy Hybrid Cloud Adoption

IBM and VMware Expand Partnership More than 500 new clients, including Marriott International are now running VMware software on IBM Cloud since the strategic cloud partnership was announced;Introduction of VMware Cloud Foundation on IBM Cloud helps move existing apps to the cloud within hours; More than 4,000 IBM service professionals trained to help organizations extend…

Fully Autonomous Cars: How’s It REALLY Going To Work?

Fully Autonomous Cars: How’s It REALLY Going To Work?

Pros and Cons and What the Experts Think Science fiction meets reality, and modern civilization is excitedly looking forward to the ubiquity of self-driving cars. However, an omnipresence of fully autonomous cars won’t happen as quickly as even some hopeful experts anticipate. While the autonomous car pros versus the cons race (See infographic discovered via…

The Lighter Side Of The Cloud – Bottlenecking

The Lighter Side Of The Cloud – Bottlenecking

By David Fletcher Please feel free to share our comics via social media networks such as Twitter, Facebook, LinkedIn, Instagram, Pinterest. Clear attribution (Twitter example: via @cloudtweaks) to our original comic sources is greatly appreciated.

Recent Articles - Posted by
Moving To The Cloud: A Smart Move Or Proceed With Caution?

Moving To The Cloud: A Smart Move Or Proceed With Caution?

Moving To The Cloud You hear it over and over again: The future of computing is in the cloud. Businesses should be moving to the cloud. If you’re not in the cloud, you’re behind the times. But trusting your essential data to a cloud may sound like a dubious proposition. Below are some of the…

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data (And Why You Need To)

How To Humanize Your Data The modern enterprise is digital. It relies on accurate and timely data to support the information and process needs of its workforce and its customers. However, data suffers from a likability crisis. It’s as essential to us as oxygen, but because we don’t see it, we take it for granted.…

5% Of Companies Have Embraced The Digital Innovation Fostered By Cloud Computing

5% Of Companies Have Embraced The Digital Innovation Fostered By Cloud Computing

Embracing The Cloud We love the stories of big complacent industry leaders having their positions sledge hammered by nimble cloud-based competitors. Saleforce.com chews up Oracle’s CRM business. Airbnb has a bigger market cap than Marriott. Amazon crushes Walmart (and pretty much every other retailer). We say: “How could they have not seen this coming?” But, more…

5 Ways To Ensure Your Cloud Solution Is Always Operational

5 Ways To Ensure Your Cloud Solution Is Always Operational

Ensure Your Cloud Is Always Operational We have become so accustomed to being online that we take for granted the technological advances that enable us to have instant access to everything and anything on the internet, wherever we are. In fact, it would likely be a little disconcerting if we really mapped out all that…

Get Ready For Virtual Reality and the Cloud

Get Ready For Virtual Reality and the Cloud

Virtual Reality Cloud We’re lucky to live in an era where virtual reality is no longer relegated to the confines of a sci-fi movie universe. Thanks to technology introduced by products like Oculus Rift, consumers now have access to virtual environments with fully immersive graphic capabilities. As a result, companies have only just begun to…

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

New Report Finds 1 Out Of 3 Sites Are Vulnerable To Malware

1 Out Of 3 Sites Are Vulnerable To Malware A new report published this morning by Menlo Security has alarmingly suggested that at least a third of the top 1,000,000 websites in the world are at risk of being infected by malware. While it’s worth prefacing the findings with the fact Menlo used Alexa to…

Five Signs The Internet of Things Is About To Explode

Five Signs The Internet of Things Is About To Explode

The Internet of Things Is About To Explode By 2020, Gartner estimates that the Internet of Things (IoT) will generate incremental revenue exceeding $300 billion worldwide. It’s an astoundingly large figure given that the sector barely existed three years ago. We are now rapidly evolving toward a world in which just about everything will become…

Cloud Infographic – The Future Of Big Data

Cloud Infographic – The Future Of Big Data

The Future Of Big Data Big Data is BIG business and will continue to be one of the more predominant areas of focus in the coming years from small startups to large scale corporations. We’ve already covered on CloudTweaks how Big Data can be utilized in a number of interesting ways from preventing world hunger to helping teams win…

7 Common Cloud Security Missteps

7 Common Cloud Security Missteps

Cloud Security Missteps Cloud computing remains shrouded in mystery for the average American. The most common sentiment is, “It’s not secure.” Few realize how many cloud applications they access every day: Facebook, Gmail, Uber, Evernote, Venmo, and the list goes on and on… People flock to cloud services for convenient solutions to everyday tasks. They…

5 Considerations You Need To Review Before Investing In Data Analytics

5 Considerations You Need To Review Before Investing In Data Analytics

Review Before Investing In Data Analytics Big data, when handled properly, can lead to big change. Companies in a wide variety of industries are partnering with data analytics companies to increase operational efficiency and make evidence-based business decisions. From Kraft Foods using business intelligence (BI) to cut customer satisfaction analysis time in half, to a…

Business Analytics Vs Data Science

Business Analytics Vs Data Science

Big Data Continues To Grow Big Data continues to be a much discussed topic of interest and for good reason.  According to a recent report from International Data Corporation (IDC), “worldwide revenues for big data and business analytics will grow from nearly $122 billion in 2015 to more than $187 billion in 2019, an increase…