Cloud computing relates to all offered or implemented remote online services, from web hosting to storage services and even a company’s software infrastructure. In the last years, cloud computing has experienced a tremendous growth in almost all online segments, reaching high-profile companies and service providers as well. Its popularity and widespread use can only lead to one thing – more money spent on this particular segment; from individuals to local businesses and even large companies and corporations.
Current Situation and Cloud Computing Uses
The year 2013 surmounted a total of $145.2 billion spent on the cloud computing segment. From independent companies which offer web hosting services to the big players like Amazon, Microsoft and Google, it seems everybody wants in on this trend. And it’s no surprise – having access to the latest technology trends in both storage and processing power remotely, without having to invest at first in your own infrastructure can be appealing, especially to small businesses and start-ups.
But high profile companies can afford the infrastructure, so why are they using cloud computing? This question has a few answers: integration of infrastructure, easier management and tech support, flexibility in terms of the actual physical location of the servers and a better overview of all the things related to the specific provided service.
The Expected Cloud Computing Surge in 2014
Given the fact that more and more businesses, companies and even individuals see cloud computing as an indispensable service, the year 2014 is expected to see a very significant increase in expenses in this particular segment. IHS released a study which shows that a 20% increase in cloud computing expenditure is expected this year. In plain figures, this would bolster a total of somewhere around $174.2 billion for 2014. This figure includes the money spent to use cloud computing services and implementing them through the process of buying servers which can withstand the current demand of any given business or company. Another important segment is that of web hosting services which don’t offer you only the server on which you can host your website, but intuitive software applications – also stored in the cloud – that help you build and properly manage your website.
What’s even more baffling is that by 2017, IHS predicts that cloud computing expenditure will triple in comparison to what was spent in 2011. Considering that in 2011 only $78.2 billion were spent, according to IHS, we’re looking at a total of $235.1 billion by 2017.
Whether we’re talking about cloud storage capabilities which are sold to the general public or implemented for inside use in a company or business, or we’re looking at more and more online software applications, it becomes pretty clear why the huge surge is expected. Cost efficiency and more budget control with an emphasis on profit for start-ups will drive more new entrepreneurs seeking to outsource their processing and storage needs as well.
Also taking into account that we’re living and breathing in the information technology era, and the fact that an estimate of $2 trillion has been made for the total value of information technology, it’s safe to say that these predictions are pretty spot-on. Especially if you consider that a large sector of information technology is active and currently migrating to the cloud.
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