IDC releases cloud boom predictions

Analysts reveal scope of cloud growth for next four years.

cloud computing

Demand for public cloud services is expected to boom over the next four years, with the market growing from $21.5 billion 2010 to $72.9 billion by 2015.

So claims a report by analyst firm IDC, which suggests that cloud services represent a strategic growth area for virtually all IT vendors. Indeed, the research claims this growth is more than four times the rate of the global IT market.

"Cloud services are interconnected with and accelerated by other disruptive technologies, including mobile devices, wireless networks, big data analytics, and social networking," said Frank Gens, senior vice president and chief analyst at IDC.

"Together, these technologies are merging into the industry's third major platform for long-term growth," he added.

Advertisement - Article continues below
Advertisement - Article continues below

By 2015 software as a service (SaaS) will account for 75 per cent of

spendingon public cloud IT, according to IDC.

"Cloud services are a critical component in a much larger transformation that IDC expects will drive IT industry growth for the next 25 years," the report claimed.

IDC said private cloud was currently ahead of public cloud technology in terms of functionality and interest from IT departments, but added that it expected public cloud to "mature" to the same level.

"The winners of the cloud platform wars will likely be the new power brokers of the IT industry," IDC's report concluded.

Featured Resources

Report: The State of Software Security

This annual report explores important trends in software security

Download now

A fast guide to finding your cloud solution

One size doesn't fit all in the cloud, so how do you find the best option for your business?

Download now

Digitally perfecting the supply chain

How new technologies are being leveraged to transform the manufacturing supply chain

Download now

Small & Medium Business Trends Report

Insights from 2,000+ business owners and leaders worldwide

Download now

Most Popular


How to use Chromecast without Wi-Fi

5 Feb 2020

Coronavirus starts to take its toll on the tech industry

6 Feb 2020
Microsoft Windows

Windows 7 bug blocks users from shutting down their PCs

10 Feb 2020

Sonos speakers are environmentally unsound

9 Feb 2020