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The “Cloud Revolution”
According to the International Data Corporation’s (IDC) forecast, 2017 will witness a staggering 12.4% rise in the expenditure on IT infrastructure, products, and its allied services. Datacenters will see its spending mainly on Public Cloud and will account for almost 60.7% of the total storage space, and the growth is estimated to be 13.8% by the end of the year. Core Technologies Services, Inc. looks at the factors influencing the Cloud Revolution.
Factors influencing the Cloud Revolution
Traditional on-premise IT solutions governed the majority of the industries in the past, but with Cloud, the CAPEX involved in a business reduced substantially giving opportunities to many new services that faced the problem of a high investment. And the financial model changed from CAPEX to OPEX since Cloud was capable of providing the same services on a pay-per-use basis.
Another factor was its capability to handle fluctuating loads that could be scaled with on-demand real-time business needs. The ‘expansion’ and ‘shrinking’ of Cloud storage and services gave the edge over other means of storage services - making Cloud a clear option for young enterprises.
Coupled with security features which were versatile, robust and scalable than previous services, Cloud explored the possibility of providing a multi-tier security with the option of the private, public and hybrid cloud for better flexibility. With research and development geared towards autonomous control and management of data in future, Cloud holds the reins of a better IT industry for days to come.
The Predictable Future
With such an adaptable technology in hand, spending has been directed to investing in a server, enterprise storage, Ethernet switches, etc. and the IDC predicts that in the next 5 years the CAGR will be 11.0%, reaching $45.7 billion in 2021.
CoreIT experts strongly believe that the future holds a great place for connectivity and computing with Cloud.
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