Cloud Computing: The Wave of the Future

Research and Markets (http://www.researchandmarkets.com/research/049600/cloud_computing_t) has announced the addition of the “Cloud Computing: The Wave of the Future” report to their offering.

The essence of cloud computing services is the utilization of the Internet as the primary vehicle for computer applications and data storage. Since cloud-based services provide access to computing resources over the Internet, they obviate the need for deploying and maintaining expensive data centers.

The cloud represents a fundamental shift in computing, providing a platform for agile and cost effective business applications and IT infrastructure. This platform stems from the convergence of relatively inexpensive computing, pervasive mobility and virtualization technologies. While creating the need for best practices in security program governance, the cloud offers enormous potential to simplify many difficult security problems.

The cloud is being aggressively adopted by small and medium sized companies, but several major enterprises have also entered the fray, particularly for applications where existing corporate data centers are running out of capacity. Nevertheless, the services being offered via cloud computing require careful analysis to understand the risks, and appropriate risk mitigation strategies need to be adopted.

The cloud computing services market will have a significant but not extraordinary growth over the next seven years. The market will generate $45.5 billion in revenue by 2015, a growth that will be tempered by the reluctance of a significant segment of the user community to embrace the technology.

Most of the current implementations of cloud computing are based on proprietary protocols. However, as technology becomes more mature and confidence in the technology grows, the growth rate will pick up.

The cloud computing services are initially being deployed in situations where call centers are unable to support peak loads. Notwithstanding concerns about the reliability of these services, cloud computing is finding acceptance for non-critical tasks. The primary driver of cloud computing is the low cost of the service, coupled with the fact that it allows customers to use it wherever they want, and to pay only for what they use.

The aggressive pricing of cloud-based products by Amazon.com has set new benchmarks that other vendors are striving to match. Despite the low barriers to entry in the market, many service providers will find it challenging to survive, given the highly competitive environment.

While cloud computing offerings are primarily being launched in the industrialized world, the main engine of growth in the mid-term will be the emerging markets. Cloud computing is particularly beneficial to small and medium sized companies.

This report examines emerging developments in cloud computing and forecasts its future growth. With a measured tone on the growth of cloud computing, it forecasts cloud computing by market segments, by service delivery models, and by applications. The report projects seven-year revenue potential for cloud computing.

Key Topics Covered:

1.0 Executive Summary

2.0 Scope and Methodology

3.0 The Shifting Computing Environment

4.0 The Promise of Cloud Computing

5.0 The Issues of Security

6.0 Cloud Computing Classifications

7.0 Cloud Computing Cost Analysis

8.0 Vendor Analysis

9.0 Growth Trends and Market Forecasts

10.0 Report Conclusions

Companies Mentioned:

For more information visit http://www.researchandmarkets.com/research/049600/cloud_computing_t
Press Release Contacts

Research and Markets Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716

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