Public cloud computing services will be a $72.9 billion market in 2015, up from $21.5 billion in 2010, according to IDC.
That growth equates to a compound annual growth rate of 27.6 percent, but IDC estimated that public cloud computing will fuel the information technology industry for the next 25 years.
This feels like an appropriate time to bring up this (often overused) Gandhi quote:
First they ignore you, then they laugh at you, then they fight you, then you win.
For some time, some people have laughed off the idea of cloud computing, saying it was too far-fetched and didn’t solve the needs of customers, as well as unnecessarily placing data at risk. Part of it was justified, and part of it was just plain FUD by entrenched players afraid of losing market share. No one’s laughing now – cloud computing is here to stay. The only question is how much of in impact will it make on the IT industry, and how will the losers and winners be sorted.
I have to be honest and say that I, too, laughed at the term cloud computing, thinking it was marketing speak. While it is unfortunate that some companies continue to use “Cloud” in this way, there can be no doubt that the technologies powering cloud computing are indeed transformational.