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The cloud computing market grew at a breakneck rate of 50 percent during the first quarter of 2016. In just those three months, $7 billion was spent on cloud services, according to a report by Synergy research.
John Dinsdale, Synergy’s chief analyst, said that “this is a market that is so big and is growing so rapidly that companies can be growing by 10-30% per year and might feel good about themselves and yet they’d still be losing market share.”
Results of another report, the HyTrust survey of the state of the cloud, a survey of 500 US and UK IT professionals found that:
- Three quarters of organizations plan to move more some of their data and system software to the public cloud this year
- Disaster recover is the top motivator for being able to move to the cloud
- Microsoft Azure is the top public cloud choice (32 percent) among organizations [which differs from other survey results like the Synergy report], according to the HyTrust report. 24 percent plan to move to VMWare and 22 percent plan on using Amazon Web Services (AWS).