The above convincing examples are sufficient to show that companies need to consider some cloud adoption strategies to compete in today’s competitive and borderless global market. One can sift through the massive amount of information available online to find more data to study the impact and influence of cloud computing. Definitely cloud has moved from fad to foundation. It has moved past the peak of Inflated Expectations. Gartner 2012 Hype Cycle for Cloud computing reveals that cloud computing is becoming a reality and finding a place in mainstream IT now and in the next few years. CompTIA’s third Annual Trend in cloud computing study finds that 80 percent of companies use some form of cloud solutions and more than 50 percent are planning to increase their cloud investment by 10 percent or more in 2012. About 2.5 percent of packaged applications will be migrated onto public cloud which is four times more than the result of 2011. In this year, migration of legacy applications to cloud will also accelerate. The cloud model will dominate over the traditional model for enterprise application distribution and deployment. IDC also predicts that more than 80 percent of new applications developed in 2012 will be deployed and distributed through cloud. This CAGR is more than four times the growth rate (6.7 percent) of the global IT market as a whole.Īccording to IDC top 10 predictions for 2012, adoption of cloud services will result in more than 36 billion US dollars in revenue in 2012 (up 28 percent) representing a growth rate more than four times the industry overall. This represents a compound annual growth rate (CAGR) of 27.6 percent. Based on recent research done by the International Data Corporation (IDC), global revenue for public cloud exceeded 21.5 billion US dollars in 2010 and is expected to reach 72.9 billion US dollars in 2015. This disruptive technology has taken the global IT industry by storm. Everywhere in the IT industry people have been obsessively talking about cloud computing.
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