Cloud Computing Solutions: Here's the Growth Forecast for the Next Few Years



Cloud computing solutions are more popular now than ever, and a recent analysis by Forbes shows that enterprise usage of the cloud will only accelerate in 2015.  If you're still unfamiliar with the concept, cloud computing is an Information Technology architecture that enables knowledge workers to remotely access data and software. This is in contrast to installing software on a user's local PC or mobile device.

Business usage of the cloud will grow significantly over the next year as companies’ ramp up their adoption of the technology. Here are some key statistics.

1. The cloud will have the majority of the market share. - Companies are seeing intrinsic value, both in terms of cost savings and boosting employee morale, by deploying business applications to the cloud. More than 60% of enterprises will deploy at least half of their infrastructure on the cloud by 2018.

2. Subscriptions will soar. - Cloud subscription revenue will reach a whopping $67 billion by 2018. That represents an annualized growth rate of more than 17% since 2011. In other words, it's a good time to be a cloud provider.

3. Growth for the supply chain. - Software-as-a-Service (SaaS) supply chain management (SCM) will reach $4.4 billion by 2018, according to the forecast. That's a 19% annualized growth rate from 2014.

4. Infrastructure-as-a-Service (IaaS) will take off. - By next year, more than 80% of enterprises will be using IaaS. The private cloud will have a high growth rate. You can expect that 75% of European, Middle Eastern, and Asian (EMEA) companies will use IaaS by 2016.

5. SaaS revenue will more than double. - More than a quarter (27.8%) of the enterprise application market will be cloud-based by 2018. The market will grow in revenue from $22.6 billion in 2013 to $50.8 billion in just a few years.


Carlos Coutin is Financial Services Technology Strategist at Envision Consulting, He is passionate about RIAs and entrepreneurship, something that led him in his quest to advice people like him, who want to make the best possible tech decisions without stress and with intelligence. Visit his website at www.envision-consulting.com. You can email Carlos at: ccoutin@envision-consulting.com and follow him on Twitter @carlos_coutin.
 

 
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