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Enterprise Cloud Computing Growing Rapidly

The global cloud computing statistics point to rapid growth. The global cloud computing market is expected to be more than $241 billion in 2020, according to Forrester forecast data reported in “Sizing The Cloud” by Stefan Ried, Ph.D. and Holger Kisker, Ph.D.* Furthermore, twenty- eight percent of U.S. organizations are using cloud computing today, according to a recent report by CDW, a provider of technology products and services to business, government, education and healthcare.

80% of Fortune 500 companies in the private sector are already using IBM Cloud Computing capabilities. At the IBM Cloud Symposium on November 30, 2011, IBM revealed its study that more than 3,000 global CIOs said that 60 percent of their organizations are ready to embrace cloud computing over the next five years as a means of growing their businesses and achieving competitive advantage.  

Cloud Computing Statistics Show Fastest Growth with SMBs

However, 54% of 7052 respondents in a recent survey conducted by LinkedIn said security is a top deterrent for many businesses looking to use cloud computing in their company. This was also expressed as a main concern in our post with the top three security concerns in “Security is Still a Major Concern for Cloud Computing”. The survey included 5,300 organizations—from small businesses to large enterprises—across 38 countries.  

Inspite of concerns about security, we believe the cloud computing statistics show the fastest growth among the small to mid-size business market (SMBs). According to Gaebler**, nearly half of SMBs report an intention to pursue cloud-based business intelligence over the next twelve months due to the need for better, faster and more accurate business data. There is increasing numbers of SMBs that are incorporating business intelligence tools into their reporting agendas, often within the cloud.

For cloud services for SMBs, visit www.pcis.com/about-us/cloud-whitepapers.htm.



* Source: http://statspotting.com/2011/05/cloud-computing-statistics-how-big-is-the-cloud-exactly/
** Source: http://www.gaebler.com/News/Small-Business-Technology/SMB-Business-Intelligence-migrating-to-the-cloud-900000091.htm