Forbes has recently released a roundup of cloud computing forecasts and market estimates, and the future certainly looks extremely bright for all-things-cloud. Researchers, analysts, and agencies alike are in absolute agreement about one thing: the demand for clouds, especially from enterprise organizations with >1,000 employees, is on the rise in a big way.
Here are just a few of the highlights from the link above.
- IDC: By 2018, 27.8% of the worldwide enterprise applications market will be SaaS-based, generating $50.8B in revenue up from $22.6B or 16.6% of the market in 2013. IDC estimates the overall enterprise applications market in 2013 was $135.9B.
- Forrester expects software to be the biggest area of spending increase [by IT] this year at $620 billion. Much of that will go toward analytics, as-a-service, and enterprise process apps such as ERP and CRM.
- Security (36%), cloud computing (31%) and mobile devices (28%) are the top 3 initiatives IT executives are planning to have their organizations focus on over the next 12 months.
- Centaur Partners’ analysis of SaaS & cloud-based business application services revenue forecasts the market growing from $13.5B in 2011 to $32.8B in 2016, attaining a 19.5% CAGR.
- From Computerworld: 42% of IT decision makers are planning to increase spending on cloud computing in 2015, with the greatest growth in enterprises with over 1,000 employees (52%).
With numbers like these, it’s apparent that IT executives and business decision makers are no longer shying away from SaaS / Cloud solutions, in favor of their own in-house developed or deployed solutions. And many enterprises that require a higher degree of security, integration, business intelligence, performance, and application customization turn to dedicated private, hybrid and community clouds from cloud service provider such as Project Hosts.