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2013/12/16

Predictions by IDC Reveals Cloud Computing to Exceed $100B in 2014 - TMCnet's Cloud Communications eNews

 

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December 16, 2013

Predictions by IDC Reveals Cloud Computing to Exceed $100B in 2014

By Frank Griffin,
TMCnet Contributing Writer

By all accounts, cloud computing is the technology most businesses and individuals are eager to integrate in the way they do things. Whether it is students using applications or enterprises analyzing big data, cloud computing is being used by more and more people every quarter. The 2014 predictions for technology by International Data Corporation (IDC (News - Alert)) revealed one of its top ten was the growth of cloud computing. The company predicts the market for this technology will exceed $100 billion in 2014, a 25 percent growth over the previous year.

The growth is being driven by a dramatic increase in the number of datacenters coming online to meet the global demand. The demand for cloud-based solutions is increasing and cloud infrastructure service will lead providers to differentiate themselves by their offering. This will eventually lead to stronger competition as developers capable of creating comprehensive cloud-based solutions continue to fuel the growth in the market. IDC predicts that by 2017, more than 80 percent of new cloud apps will be hosted on six PaaS platforms...Read More



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