The
International Data Corporation (IDC) recently revealed predictions that the public IT cloud services could reach an astounding amount of $55.5 billion in 2014. Parallels Chief Financial Officer
Peter Bauert echoes that this rapid growth presents a Compound Annual Growth Rate (CAGR) of 27.4%. Since the CAGR for traditional IT projects is a meager 5%, the 27.4% increase both baffles and excites experts.
According to the IDC, this rapid growth offers a view of the current Cloud Services Industry by illustrating that while public IT cloud services are gaining modest revenue the industry continues to grow at an alarming rate. IDC Senior Vice President
Frank Gens offers his opinion that cloud computing expands for two key reasons: leadership disruption and market growth. The market growth reflects the low cost maintenance of IT computing and the excitement of IT customers about the latest trends.
Peter Bauert adds that as the cloud model expands and grows, the industry will distribute a generation of better and bolder apps that can successfully penetrate small and medium-sized businesses. In line with this, the IDC further forecasts that demand for cloud computing services, specifically services for security, cost monitoring/management, availability, standards, and integration will increase in the coming years.
As a leader in Cloud computing services, virtualization, and automation software, Parallels is poised to take on the challenges brought about by the improving market trends. Additional information on Parallels’ latest ventures and products is available at
www.parallels.com.
No comments:
Post a Comment