THE FUTURE FOR CYBER SECURITY

A study entitled, State of Cyber Security 2017, performed by ISACA (Information Systems Audit and Control Association), suggested that cyber security staff are becoming increasingly difficult to find in such a rapidly expanding and evolving field. The report was based on a survey of 633 cyber security specialists across North America and Europe, with 27% stating that they were unable to fill open cyber security positions in their businesses and another 14% unsure as to whether they would ever fill those positions...

Back To The Future – Revisiting 2011’s Predictions

Back to the Future – Revisiting 2011’s Predictions

future-predictions

Back in January 2011 we published an article that summarised predictions made by various research companies about the future of cloud computing. Three years on, we look back at some of the figures from that article and assess the accuracy of the predictions – has cloud computing grown faster or slower than expectations?

1. 2011 Prediction:  

By 2014 businesses in the United States will be spending more than $13 billion per year on cloud computing.

2014 Reality: 

Precise spending figures are difficult to locate, but the available data allows us to make good estimations – and the 2011 prediction appears low. The latest forecasts by research firm IDC show global spending on the cloud will exceed $100 Billion by the end of 2014, with North America accounting for 59% of new spending. North America also generates the most cloud traffic (469 exabytes annually), and Cisco now expects 2014 to be the first year where more work will be carried out in the cloud (51 percent) than in a traditional IT workspace.

Good Guess or Poor Prediction? Poor Prediction

2. 2011 Prediction: 

SaaS spending is expected to grow 112 percent annually from 2011 to 2014.

2014 Reality:

This appears more accurate than the first prediction. Gartner’s market analysis report on cloud services predicts that IaaS will have a compound annual growth rate of 41.3% between 2012 and 2016, comfortably making it the fastest growing area of public cloud computing.

Good Guess or Poor Prediction? Good Guess 

3. 2011 Prediction:

IaaS spending will approach $4 billion by 2014.

2014 Reality:

Direct figures for 2014 are not available, but Gartner used the same report to highlight that they believe spending on IaaS will surpass $72 billion by 2016 – making $4 billion in 2014 seem remarkably low.

Good Guess or Poor Prediction? Poor Prediction

4. 2011 Prediction: 

Cloud computing revenues will touch $16.7 billion by 2015.

2014 Reality:

This prediction appears accurate. The total cloud computing market hit $2.5 billion in revenue in Q3 of 2013, up 46% the same quarter of 2012. Amazon alone increased its revenues by 55 percent and is estimated to have made at least $3 billion from its cloud in 2013, while its competitor IBM made $1 billion revenue in Q3 alone (owing largely to its purchase of website hosting company SoftLayer in 2012). With the latest forecasts by 451 Research now projecting cloud computing revenues to be $20 billion by the end of 2016, the prediction of $16.7 billion in 2015 looks realistic.

Good Guess or Poor Prediction? Good Guess

Where do you think the cloud will be in another three years? Let us know in the comments below.

By Daniel Price

About Daniel Price

Daniel is a Manchester-born UK native who has abandoned cold and wet Northern Europe and currently lives on the Caribbean coast of Mexico. A former Financial Consultant, he now balances his time between writing articles for several industry-leading tech (CloudTweaks.com & MakeUseOf.com), sports, and travel sites and looking after his three dogs.

View Website

SYNDICATED NEWS SOURCES

Linux Distributor Red Hat Reports 20.6 Percent Rise In Revenue

By CloudBuzz | September 25, 2017

(Reuters) – Red Hat Inc (RHT.N) reported a 20.6 percent rise in quarterly revenue as the Linux operating system distributor benefited from higher demand for its products targeting hybrid cloud. Net income rose to $96.9 million, or 53 cents per…

Cloudflare Announces Unmetered Mitigation to Make Attacks a Thing of the Past

By CloudBuzz | September 25, 2017

Eliminates “surge pricing” that had been standard in the DDoS mitigation space SAN FRANCISCO, Sept. 25, 2017 (GLOBE NEWSWIRE) — Cloudflare, the leading Internet performance and security company, today announced Unmetered Mitigation, giving customers unlimited and unmetered distributed denial-of-service (DDoS) attack…

IDC – Cognitive and Artificial Intelligence Systems to Reach $57.6 Billion in 2021

By CloudBuzz | September 25, 2017

IDC Spending Guide Forecasts Worldwide Spending on Cognitive and Artificial Intelligence Systems to Reach $57.6 Billion in 2021 FRAMINGHAM, Mass., September 25, 2017 – Worldwide spending on cognitive and artificial intelligence (AI) systems is forecast to reach $57.6 billion in 2021,…

(ISC)2 and Cloud Security Alliance Host Cloud Security Summit to Help Cybersecurity Pros Securely Harness Cloud Technologies

By CloudBuzz | September 22, 2017

(ISC)2 and Cloud Security Alliance Host Cloud Security Summit Research cites strengthening of cloud security skills top priority over next three years CLEARWATER, Fla. ,Sept. 22, 2017 /PRNewswire-USNewswire/ — (ISC)² today announced it’s partnering with the Cloud Security Alliance (CSA) for the CSA…

Exclusive: T-Mobile, Sprint close to agreeing deal terms – Sources

By CloudBuzz | September 22, 2017

(Reuters) – T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with peer Sprint Corp (S.N), people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest…

Hack of U.S. securities regulator rattles investors, stirs doubts

By CloudBuzz | September 21, 2017

WASHINGTON/NEW YORK (Reuters) – Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The incursion at the…