And there’s more to come, according to the auspices. By 2017, spending will reach $107 billion meaning that between then and now sales will grow by 23.5 percent, compounded annually.
The analysts believe that cloud services are blowing into a chapter two phase where mobile, social and big data will become interdependent.
Chief IDC diviner Frank Gens calculates thus: “Over the next several years, the primary driver for cloud adoption will shift from economics to innovation as leading-edge companies invest in cloud services as the foundation for new competitive offerings. The emergence of cloud as the core for new ‘business as a service’ offerings will accelerate cloud adoption and dramatically raise the cloud model’s strategic value beyond CIOs to CXOs of all types.”
Virtual private clouds help to persuade organisations that the cloud is not dangerous but instead has a silver lining.
By 2017, according to Gens, public IT cloud services will account for seventeen percent of IT product spend. Software as a service (SaaS) will keep the biggest chunk of the pie, and account for 59.7 percent of revenues in 2017, while fast growing categories include the dreadfully named “platform as a service” (PaaS) and the almost equally gruesome “Infrastructure as a Service” (IaaS) with compound annual growths of 29.7 percent and 27.2 percent.