Cloud Computing Forecasts

Louis Columbus provides, on his blog A Passion for Research, an excellent roundup of cloud computing forecasts (summarized) from analyst and consulting firms Gartner, McKinsey & Company, IDC, Informatica, KPMG, Visiongain, Boston Consulting Group, and Forrester. Mr. Columbus notes one message that resonates with all the enterprises he has spoken with: “they need enterprise applications that keep pace with how fast they want to move on new business strategies.” These forecasts “reflect the urgency enterprises have of making IT a foundation for strategic business growth.” Here are some highlights (directly quoted), but click here for the full post, which provides more detailed information along with links, charts and graphs.

  • Gartner predicts that the bulk of new IT spending by 2016 will be for cloud computing platforms and applications with nearly half of large enterprises having cloud deployments by the end of 2017.
  • McKinsey & Company projects that the total economic impact of cloud technology could be $1.7 trillion to $6.2 trillion annually in 2025.
  • KPMG’s latest study of cloud adoption shows 70% of respondent organizations believe that cloud computing is delivering operating efficiencies and cost savings today.
  • IDC predicts the global cloud services market is $9.6B in 2013, attaining a five year 24.8% CAGR through 2018. A free downloadable excerpt of IDC’s latest MarketScape for Worldwide Cloud Professional Services report is available here.
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