{"id":6584,"date":"2016-08-24T07:00:06","date_gmt":"2016-08-24T15:00:06","guid":{"rendered":"http:\/\/formtek.com\/blog\/?p=6584"},"modified":"2016-07-27T07:43:49","modified_gmt":"2016-07-27T15:43:49","slug":"cloud-computing-cumulative-five-year-spending-on-cloud-it-to-exceed-1-trillion","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/cloud-computing-cumulative-five-year-spending-on-cloud-it-to-exceed-1-trillion\/","title":{"rendered":"Cloud Computing: Cumulative Five-Year Spending on Cloud IT to Exceed $1 Trillion"},"content":{"rendered":"

Business IT is rapidly migrating from traditional direct management of servers, software licensing and infrastructure to cloud computing. \u00a0Gartner expects <\/a>that the $114 billion spent by IT on cloud services this year to grow to more than $216 billion by 2020. \u00a0Over the next\u00a0\u00a0five years that cumulatively translates into a shift of $1 trillion into cloud computing that would have otherwise been spent on traditional infrastructure.<\/p>\n

Despite increased\u00a0spending on Cloud Computing, spending on traditional IT still\u00a0represents the largest fraction of total IT budgets. \u00a0For example, total IT spending in 2020 is expected to reach $4.9 trillion. \u00a0Total IT budgets are expected to only modestly increase annually over the next five years by 2 percent annually.<\/p>\n

Ed Anderson<\/a>, research vice-president at Gartner, said that<\/a> “Cloud-first strategies are the foundation for staying relevant in a fast-paced world. The market for cloud services has grown to such an extent that it is now a notable percentage of total IT spending, helping to create a new generation of start-ups and \u2018born in the cloud\u2019 providers. Cloud shift is not just about cloud. As organizations pursue a new IT architecture and operating philosophy, they become prepared for new opportunities in digital business, including next-generation IT solutions such as the Internet of Things.\u00a0Furthermore, organizations embracing dynamic, cloud-based operating models position themselves better for cost optimization and increased competitiveness.”<\/p>\n

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“”<\/p>\n

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Business IT is rapidly migrating from traditional direct management of servers, software licensing and infrastructure to cloud computing. \u00a0Gartner expects that the $114 billion spent by IT on cloud services this year to grow to more than $216 billion by…<\/span><\/p>\n

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