21 May Cloud services to continue expansion
In order to meet the needs of today's increasingly competitive and agile business world, more companies are addressing their requirements through the cloud. With the help of experts to aid in the information technology implementation process, organizations can reap the benefits of the most useful and modern solutions to drive revenue, build relationships with customers and improve their offerings overall.
According to Talkin' Cloud, a recent report from MarketsandMarkets suggested that while the cloud has already risen to become a popular and increasingly mainstream tool for firms, it is unlikely to slow its progress anytime soon. This is especially true when it comes to analytics. Researchers found that by 2018, the market for cloud-based analytics will total $16.52 billion, compared to today's market value of only $5.23 billion. MarketsandMarkets added that along with its sub-markets, cloud analytics is set to grow at a compound annual growth rate (CAGR) of 25.8 percent.
Forrester Research has also asserted that the cloud will continue to be one of the fastest-accelerating markets in the IT sphere. In 2011, the firm forecast that by 2020, the worldwide cloud computing market will hit $241 billion in 2020, ZDNet reported.
Wired Magazine stressed that enterprises have much to gain from deploying cloud solutions. For example, because these technologies boost overall agility, time-to-market can be greatly reduced through more efficient processes and reductions in operational snags. The source explained that from there, organizations are able to devote more time and resources to other activities that can enhance a business' value.
With the help of the right solutions and expert services to assist in information technology implementation, companies may also find it easier to reign in budgets with the cloud. Wired noted that in many cases, the cloud requires little long-term financial investment. This allows firms to retain their flexibility, an necessity for innovation in the modern business environment.