Virtual Office

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.

CloudTweaks

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

Are you a cloud services expert in a world of digital transformation? If so, contact us for information on how to become part of our growing cloud consultancy ecosystem.

The Shift from Monolithic to Microservices: What It Means for CTOs.

The Shift from Monolithic to Microservices: What It Means for CTOs.

The Shift to Microservices The shift in application development strategies is moving from monolithic design to isolated and resilient components ...
Insight PaaS – Necessary or Just Hype?

Insight PaaS – Necessary or Just Hype?

Insight PaaS: A Primer A recent report from Forrester predicts that Platform as a Service (PaaS) will soon be the ...
Common Cloud Mistakes - And How To Avoid Them

Common Cloud Mistakes – And How To Avoid Them

Common Cloud Mistakes One of the first lessons in order to avoid common cloud mistakes with anyone entering the tech ...
Protect Your Small Business

Protect Your Small Business from Future Threats

Protect Your Small Business The well-known ransomware called Wannacry hit hundreds of computers in May 2017. As a business leader, ...
Fintech Dark Web

An End to Credit Cards? How the Dark Web Is Pushing Fintech Towards Blockchain

Dark Web Pushing Fintech Towards Blockchain As Jennifer Klosterman points out, “There are many strong reasons for reputable businesses to ...
Combatting Malware in the Cloud Requires a New Way of Thinking

Combatting Malware in the Cloud Requires a New Way of Thinking

Malware in the Cloud It’s no secret that cloud adoption has exploded in the enterprise over last few years. However, ...
Meet GRAIL - Fighting Cancer with Big Data, AI and the Cloud

Meet GRAIL – Fighting Cancer with Big Data, AI and the Cloud

Improve Your Chances of Surviving Cancer by 5X to 10X How would you like to improve your odds of surviving ...
Using Cloud Analytics To Improve Customer Experience

Using Cloud Analytics To Improve Customer Experience

Evolution of Cloud Analytics Moving data to the cloud, once considered a strenuous task, has now become commonplace in most ...
cloud challenges

Cloud Computing Predicted to Drive $554 Billion by 2021

Cloud Computing $554 Billion by 2021 It’s common to read news stories and research about certain segments of cloud computing ...
Telehealth: Big Data and Healthcare Innovation

Telehealth: Big Data and Healthcare Innovation

Telehealth Innovation Every day, people pop their health-related questions into Google’s search field. Symptoms-related searches alone make up about 1 ...