What Is The Future of Cloud Computing Market?
A large number of business owners and professionals are interested to know about the future of cloud computing market before practically investing in this industry. There are some interesting statistics reveled that will be helpful in determining the future of cloud computing.
What Does Statistics Say?
According to a recent survey done by reliable authorities, more than 50% of the European particularly North American business enterprises will allocate a huge proportion of their total budget for getting latest cloud computing and storage services. This survey also states that more than 58% of the cloud computing service provider aretrying hard to add new features to cloud computing and to take cloud computing to the next level.
Expected Growth Rate of Cloud Computing Market
Cloud computing market generated a total of $8.7B in 2010 but a recent research report developed by 451 Market Monitor clearly says that this market will get more than$16.7B in revenue in the year 2013 and 2014 which means that the number of people using cloud computing service will exceed up to a great extent.
Experts are also of the view that there will be tough time for the cloud technology owners in the coming future as the cloud commuting clients are expecting much more from them. In the future, cloud computing service providers will have to ensure cost transparency, increased flexibility, reliability and innovation. This means that the coming few months of 2013 will be very crucial as cloud computing market will find its direction in the coming months.
A Few Words On The Future Of Cloud Computing Market
If we talk in the long run then worldwide forecasts and analysis reports written on Cloud storage market indicates that this business will grow to $46.8 billion by the end of 2013 and will continue growing at the rate of 40.2% every year from 2013 to 2018. The federal government is also making its contribution into this industry. According to U.S. Federal Cloud Computing Market Forecast 2013, the federal government cloud computing market will grow at 16% CAGR from 2013 till 2018.
A large number of new companies will enter into this market with enhances features, cheaper price and higher quality. In other words, the future of cloud computing is very bright. If you are looking for an ideal investment opportunity that can yield extraordinary profits for the coming years to come then you must invest in this market. On the other hand, if you are business owners and you want to reach new skies then still you should adopt latest cloud computing and storage services as it is in your benefit and that of your business.