{"id":1906,"date":"2011-02-17T07:00:50","date_gmt":"2011-02-17T15:00:50","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=1906"},"modified":"2011-02-17T07:00:50","modified_gmt":"2011-02-17T15:00:50","slug":"cloud-computing-growing-five-times-faster-than-all-other-it-spending","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/cloud-computing-growing-five-times-faster-than-all-other-it-spending\/","title":{"rendered":"Cloud Computing: Growing Five Times Faster Than All Other IT Spending"},"content":{"rendered":"

A recent IDC report<\/a> finds that global IT spending is on track to grow by about 6 percent in 2011. \u00a0Pretty respectable. \u00a0But that rate of growth is dwarfed when compared to what is happening in the area of cloud computing services. \u00a0IDC <\/a>finds that in 2011 that growth in spending for Cloud Computing will be closer to 30 percent, nearly five times what the rest of IT will see. \u00a0The report estimates that by 2015 that the cloud computing market will be $2.5 billion. \u00a0IDC sees substantial growth for both public and private cloud areas.<\/p>\n

In announcing the results of the report, Stephen Minton<\/a>, vice president at IDC said that “This will be a big year for the cloud\u2026 It will be a change in the way companies are doing their computing in the long term.”<\/p>\n

The analysis in the IDC report is partly based on trend information<\/a> which IDC released in late December of last year. \u00a0At that time IDC predicted that the top IT trends in 2011 would be in the areas of cloud computing and big data storage and processing, two areas that they’ve labeled as disruptive technologies. \u00a0IDC vice president, Frank Gens<\/a>, commented that “these once-emerging technologies can no longer be invested in, or managed, as sandbox efforts around the edges of the market.”<\/p>\n

Silicon.com<\/a> quotes TechMarketView’s \u00a0managing partner, Anthony Miller, as saying that the move to “cloud computing is a journey rather than a destination – a journey from taking assets on-premise to off-premise.” \u00a0Miller said that the speed of moving to the cloud will be different depending on the item being moved. \u00a0For example, applications, business processes, infrastructure and platforms will all be migrated over following different scheduled and at different speeds.<\/p>\n

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A recent IDC report finds that global IT spending is on track to grow by about 6 percent in 2011. \u00a0Pretty respectable. \u00a0But that rate of growth is dwarfed when compared to what is happening in the area of cloud…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

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