From a novel idea to the go-to model for organizations that want to secure their data, cloud computing has endured expansive growth since its inception. Here are six things to know about the cloud industry and how it touches every aspect of our professional lives.

1. Software deployment models will never be the same.

Licensing and delivery models represent key factors in cloud’s growth across the business world. Many key enterprise tools now include services beyond the well-known SaaS. Some examples include database as a service, platform as a service and infrastructure as a service for cloud-based deployment models.

2. Infrastructure as a Service is growing.

Another popular method is IaaS, which is most commonly used within many organizations. According to the research firm Gartner, global spending in this infrastructure is expected to reach an estimated $16.5 billion by the end of 2015. That is a 32.8% growth within a single year; by 2016, that number will increase as over 80% of enterprises are expected to use an IaaS product. Providers of this model will see changes to the competitive landscape, which means organizations must use caution when selecting a vendor.

3. Organizations prefer the hybrid cloud.

Left with trying to salvage traditional IT systems, many organizations find that using a hybrid strategy is the best way to go. Hybrid refers to using both a private and public cloud. A recent survey found that more than half of the respondents plan to use a hybrid cloud deployment. Those that currently use a private or public cloud exclusively also plan to add multiple clouds. Their options are seemingly limitless where significant percentage plans to either use multiple private clouds or multiple public clouds.

4. Organizations are drifting to cloud because of cost savings and time to market benefits.

Widespread use of cloud products and services point toward certain trends. For most organizations, money and time – two valuable business commodities – are the top two factors when deciding whether to adopt cloud.

5. Traditional enterprise IT must rethink its processes.

With more organizations deciding to invest in cloud computing services to save time and money, traditional enterprise IT will begin to lose its purpose. Cloud computing is slowly eating away at the old way of using technology to protect and transmit business information. Projections by Goldman Sachs analysts show that by 2018, at least 11% of the IT budget will go towards cloud computing. Driving this growth are Iaas and Paas, which represent the second phases of cloud computing’s 20-year cycle.

6. The market keeps expanding.

By 2017, cloud computing services will reach $127 billion in the global market, according to Global Industry Analysts, Inc. Comparably, the SaaS market will see $32.8 billion more in revenue for 2016, according to the same report.

From data backups for smartphones to shared documents within an organization, cloud computing has a strong technological presence. Its capabilities will continue to expand beyond the six listed here. No longer a novelty, and certainly proving its value, cloud computing is a productivity tool that helps organization efficiently get work done.

SJC Technology, Inc.
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North Ft. Myers, FL 33917
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