According to Researchers IHS Technology. Cloud-Related Spending by Businesses to Triple from 2011 to 2017.
They predict that Global business spending for cloud-related infrastructure and services will reach an estimated $174.2 billion this year, up 20 percent from 2013.
Jagdish Rebello, Ph.D., senior director and principal analyst for the cloud and big data at IHS says:
“With the cloud touching nearly every consumer and enterprise around the globe, spending for cloud-related storage, servers, applications and content will be dedicated toward building a framework that is rapidly scalable, highly dynamic, available on-demand and requiring minimal management. "The robust growth will come as an increasing number of large and small enterprises move more of their applications to the cloud, while also looking at data analytics to drive new insights into consumer behavior.”
Spending on cloud services will account for an ever-growing portion of information-technology expenditure. This IT expenditure is valued today at approximately $2 trillion.
So, why the cloud?
The cloud is becoming critical because people are using mobile devices to consume vast amounts of media. All these devices require larger storage solutions, and this is where the cloud comes in. This is driving multibillion-dollar investments in cloud-based architectures.
In fact there are a whole host of reasons why cloud computing is beneficial for your business. Click here to read more about cloud computing.
So, taking all this information into account, now is a good time to be looking at using cloud solutions for your own business. If you need help and advice from a local company speak to one of our recommended IT Support companies in Norwich.