A year back, cloud service providers along with their channel partners were still busy in explaining the industry about the benefits of cloud computing. With doubts and myths being brushed aside by effective marketing, the subsequent adaptation of the technology has been rapid throughout 2014.
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Cloud technology service providers explained the differences and benefits of options such as Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), along with the suitability of various architectural alternatives.
While there continues to be some doubts around the use of the cloud, it’s safe to say that many enterprises have successfully adopted to this evolving trend.
Cloud has become now entered the mainstream market and is no longer a peripheral technology with some estimates showing that nearly 90 percent of the major firms across various industries have either already adopted or are in the process of adopting cloud computing..
While Amazon Web Services (AWS) was the de-facto standard for many years, players like Microsoft and IBM have now entered the race. Their entrance not only validates the increasing opportunity for cloud, but also helps accelerate the pace of innovation and enterprise adoption.
Reported, it has been estimated that quarterly cloud infrastructure service revenues (including IaaS, PaaS and private & hybrid cloud) have now passed the $4 billion milestone, with trailing twelve-month revenues exceeding $14.5 billion.
All of the major players (including AWS, Microsoft and IBM) are now claiming quarterly revenues of around $1 billion. All of the major players are making progress.
Organization now need to stop fighting against the shift to cloud technology. Cloud needs to be part of their formal IT portfolio and should no longer be treated as competition. In fact for the most part of 2015, the market is expected to witness a parallel between companies that are embracing cloud and their overall market performance.
Source: Grand View Research