Cloud computing is increasingly important to the modern business. Here are five incredible facts about cloud computing:
“80% of new commercial enterprise apps will be deployed on cloud platforms”. This shocking statistic (from the IDC) demonstrates quite how rapid an impact cloud computing has had in the business world. Enterprises – which are historically slower than consumers to adopt new technologies – have been early adopters of cloud computing, and many businesses are now focused on developing apps that pair with their existing cloud platforms. Making distribution easier is only one of the upsides of cloud computing; linking with existing authorization services and databases are two of the main efficiency savings that can be wrung from deploying to the Cloud in this way.
The cloud computing market will grow from $40.7 billion in 2011 to $241 billion by 2020. A report from Forrester Research suggests that the cloud computing economy will grow to almost six times its current size over the next eight years. This is despite the already sizable nature of the market. Here’s a graph of their predictions:
Cloud computing will influence the insurance market. There’s no end to the market segments that cloud computing will influence in some way, according to this report from research analyst group Gartner. According to the study, “cloud computing…will create opportunities and threats” ranging from improved client access to claims services to increased public scrutiny of claim processes thanks to social media sharing.
The growth of cloud computing in specific geographies will be directly dependent on the availability of energy in those places. According to another report from the Gartner Predicts 2012 series, analyst predictions for the growth of consumer cloud computing in certain regions is directly influenced by the amount of energy provision in those areas. Despite a Pike Research report suggesting that cloud computing data centers are much more energy efficient than regular data centers, the Gartner study holds that companies operating data centers in particular locations can only achieve truly exceptional efficiencies if they have the scale, resources and expertise to invest in doing so. This, of course, has serious ramifications for the growth of cloud computing in developing countries, as well as more strategic growth concerns as the energy resource market tightens up over the next two decades.
The volume of digital content stored by cloud hosting providers in the Cloud will rise from 2.7ZB (1ZB = 1 billion terabytes) in 2012 to 8ZB by 2015. Another study from the IDC suggests that the amount of data stored by cloud hosting providers will more than treble over the next three years to 8 zettabytes! This enormous amount of data highlights the rising importance of cloud computing and its significance to businesses and private individuals across the world.