Huge Growth Coming in Cloud Computing!
The global market for cloud computing is going to increase from about $41 billion in 2011 to $241 billion in 2020, according to new estimates from research firm Forrester.
It’s the latest report trying to get a handle on the cloud computing business, which is growing quickly and driving investment in things like data centers — vast warehouses of computers that power the Internet.
While it is always risky to predict such things so far in advance, another firm, Gartner, projected that it will have revenue of $148.8 billion by 2014, higher than Forrester’s forecast of $118.7 billion for the same year.
But whatever estimates you use, it’s clear that cloud computing is one of the “next big things” in tech. It’s going to be a “significant contributor to the size and growth of the tech industry overall,” wrote Forrester researchers Stefan Ried and Holger Kisker in their report..
Most people are familiar with a few parts of the cloud-computing business — things like Google Mail and Docs, which run online and are accessible from anywhere. That’s the basic principle behind a lot of the services, but the big growth will happen when businesses, move things like email and other tech services to the “cloud.”
Forrester estimates that most of these cloud services will be delivered over the public Internet, although a small number will involve companies licensing software that lets them more easily share tech resources.
And there are some big reasons that businesses are rushing to get on board.
First off, a volatile economy will mean that businesses won’t want to spend as much on their own hardware and will prefer something they can update or change easily if the economy changes, the Forrester researchers said.
Another factor: Those “digital natives” among us are going to demand easy access to technology. These people have grown up with tech on demand, and “they will only be productive and creative if the technologies they need” are there when they need them, the report says.