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Cloud computing to reach $160.2 Billion by 2015
By siliconindia
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Tuesday, 08 September 2009, 18:26 IST
Bangalore: Worldwide cloud computing is poised to achieve significant growth as enterprise software offered by vendors provides competitive advantage to users, according to the latest report by Research and Market called 'Worldwide Cloud Computing Market Opportunities and Segment Forecasts 2009 to 2015'. The report says that software is becoming less expensive to buy and operate, thus creating computing market opportunities in every industry. The market has started to expand to provide productivity improvements.
Susan Eustis, Author of the study, said, "Cloud computing changes software forever. Software is offered to users as a service from the cloud. Innovation is what drives market growth in every industry. IBM, Google, Amazon, Microsoft, and the major Service-Oriented Architecture (SOA) vendors are poised to leverage cloud computing to support innovation. Cloud computing is providing software that supports flexible response to changing market conditions." Cloud computing is set to bring change to the software business. Cloud computing is used to implement utility automated process. The complexities of the development platform are invisible to developers. Programs run on the cloud platform in a manner that is more cost efficient than with distributed server platforms.
Cloud computing is an emerging computing model. Users can gain access to their applications from anywhere, through any connected device. Information is available over the network. Cloud computing market was at $36 billion in 2008 and is now expected to reach $160.2 billion by 2015. The report also says that market growth is fueled by ease of information access provided by the cloud and faster development systems that are available to line of business analysts through point and click application development tools. Industry specific applications are evolving in the context of the ability to build applications from SOA components.
