The question isn’t will cloud computing become the future of IT, but when. According to MarketsandMarkets (M&M), the global cloud computing market will reach $ 121.1 billion by 2015 (“Global cloud computing market: global forecast, 2010-2015″). Although it represents just a portion of the overall IT cloud market, public cloud providers’ revenues will reach $ 45 billion by 2013, according to IDC. This represents a compound annual growth rate of 26 percent, more than six times the forecast growth rate for traditional IT spending. But IDC also says that businesses are more concerned about the risks involved, including security, availability and performance, than the benefits of flexibility, scalability and lower costs.
Network Computing