Cloud Revenue to Amount to $9.4 Billion in 4 Years

Financial reports and forecasts are made all the time, and this occasion is marked by IDC publishing its findings in regards to the probable evolution of the cloud market over the next few years.

The thing about online storage is that it allows users to save and access their work from any systems and any place in the world, provided they have a decent Internet connection.

With the speed of networks having evolved over the past couple of years, such a method of storing files has become more poplar than ever.

Seeing the potential of the cloud industry, even though the web infrastructure is starting to feel taxed by the growing number of connected devices, IDC took a close look at the current situation and future prospects.

What the analyst firm found was that, by the time the year 2015 comes around, cloud revenues will amount to roughly $9.4 billion.

Servers used in private cloud applications will account for $5.8 billion, while the remaining $3.6 billion will be brought in by public cloud servers.

In other words, over 1.2 million servers will be deployed for public clouds by that time, while over 570,000 will be shipped to private clouds. This is because the latter use more memory and higher-end hardware.

"These evolutionary, and revolutionary, changes in IT deployment and business attitudes are having a profound impact on traditional IT environments," said Katie Broderick, senior research analyst, Enterprise Platforms and Datacenter Trends and Strategies.

"Cloud computing can dramatically simplify administrating and managing many companies' datacenters and position IT as a service organization for the rest of the company. Off-loading some of the more mundane tasks to the cloud (public or private) and freeing up manpower to focus on adding value to the business is critical to driving cloud adoption. But, up-front costs are real, and choosing the right vendor to manage or deploy an environment is equally important."