Cloud Computing Market To Cross $100Bn By 2016-End

by CXOtoday News Desk    Apr 21, 2016

Cloud Computing The adoption of cloud computing systems continues to soar, with a recent study suggesting the market to reach a value of $100.4 billion by 2016. According to the report of Market Research Store, the global Cloud Computing Virtualization market will reach to $100.4 billion from $20.3 billion in 2009. 

A key driver in such growth is the fact that cost savings available through implementing cloud computing are being realized by a larger number of companies, many of whom may have previously operated with an in-house infrastructure. Many firms are finding that the cloud is helping to lower the costs of maintaining IT infrastructure, with the drain of future improvement to operations also becoming the responsibility of cloud providers.

Virtualization of software and servers creates ways to create more effective automated control of business process. The on-demand deployment model depends on the implementation of cloud computing. The ability to deploy virtual application images on any platform at any time has increased significantly. Business software as a service SaaS applications and cloud computing models have matured and adoption has become an issue for every IT department.

Private cloud systems provide security, response time, and service availability. Applications, platforms, and infrastructure are evolving separately. SaaS software as a service application is widely known by the salesforce.com computing model. Platform as a service (PaaS) and infrastructure as a service (IaaS) complement SaaS as compelling aspects of cloud computing and infrastructure services. An organization’s application development team and the application portfolio need to be managed as a piecemeal part of the IT infrastructure. It is generally managed on an application by application basis. Applications represent a major source of IT value and are a large IT cost component.

The popularity of the on-demand deployment model has increased significantly. Systems provide security, response time, and service availability. SaaS software as a service application is widely known by the salesforce.com computing model illustrates. Business applications and computing models have matured and adoption has become an issue for every IT department. Platform as a service (PaaS) and infrastructure as a service (IaaS) have joined SaaS as compelling aspects of cloud computing applications and infrastructure services.

While interoperability and data security issues may hinder market growth, the future of cloud computing seems promising with IT giants such as IBM, Google, Microsoft, and Amazon actively developing new solutions to address existing issues.