Its all about Evolution: IDC Research survey results on Cloud Computing

IDC made a Press Release this week on a research survey on Cloud Computing adoption in the next five years. Good to see some numbers backing the hype.

As per IDC, Cloud computing is reshaping the IT marketplace, creating new opportunities for suppliers and catalyzing changes in traditional IT offerings. Over the next five years, IDC expects spending on IT cloud services to grow almost threefold, reaching $42 billion by 2012 and accounting for 9% of revenues in five key market segments. More importantly, spending on cloud computing will accelerate throughout the forecast period, capturing 25% of IT spending growth in 2012 and nearly a third of growth the following year.

In addition, they added that to succeed, cloud services providers need to address a mixture of traditional and cloud concerns. According to survey respondents, the two most important things a cloud services provider can offer are competitive pricing and performance level assurances. These are followed by the ability to demonstrate an understanding of the customer's industry and the ability to move cloud services back on-premises if necessary.

For more, go to http://idc.com/getdoc.jsp?containerId=prUS21480708

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