A survey of landscape shows the cloud is set to grow fast

From cloud-based ERP to professional services automation, the cloud has grown quickly in its variety of offerings, and is only set to continue increasing. Now, the latest compilation of recent surveys shows they form a clear consensus – the technology is growing fast.

A survey of surveys
The report, a sort of metasurvey of studies from Gartner, IDC, KPMG, and more, comes from AppsCare. It attempts to make clear the overall direction of the technology, and it’s clear enough that, whatever the details turn out to be, it will be heading upwards.

It highlights six different studies from recent months, including one by Gartner that predicted most new IT spending will be on cloud computing platforms by the end of 2016. No less, nearly half of all large enterprises will have cloud deployments by 2017. In total, worldwide spending was predicted to reach $47.4 billion by the end of 2013, and more than $100 billion annually by 2017. That would amount to a compound annual growth rate of 23.5 percent in the years preceding 2017. All of the data compiled points in a very clear direction, according to Chris Howard, research vice president at Gartner.

“Overall, there are very real trends toward cloud platforms, and also toward massively scalable processing,” said Howard. “Virtualization, service orientation and the Internet have converged to sponsor a phenomenon that enables individuals and businesses to choose how they’ll acquire or deliver IT services, with reduced emphasis on the constraints of traditional software and hardware licensing models.”

The data grows
It also points to a study by Boston Consulting Group that found software-as-a-service in particular had reached almost 12 percent of global spending on IT applications, and was growing at three times the rate of traditional software. Public IT cloud alone will reach $107 billion in 2017, according to International Data Corporation.

Given all of the changes, most companies remain satisfied with their decision to move to the cloud. A KPMG study showed that almost 70 percent of those who responded found the cloud to offer greater efficiency and cost savings than traditional alternatives.

These reports, taken together, make it clear – the cloud is the way of the future. If your company is looking to increase its presence in the cloud, consider BMI Cloud Solutions. With award-winning programs such as OpenAir and Kenesto, we can help you optimize your business’s setup.