We all know the cloud is continuing to grow at a rapid pace. More companies, from government to manufacturing to retail, are feeling increasingly comfortable about moving their data to the cloud. So, how big is the cloud becoming? Check out a few stats below for a better understanding of where we are today……and where we’re headed.
The cloud is BIG business:
According to Gartner Research, SaaS-based delivery will experience healthy growth through 2015 – worldwide revenue is projected to reach $22.1 billion
IDC Research found that Infrastructure as a Service (IaaS) will grow to $5.4 billion between now and 2017 while Platform as a Service (PaaS) will grow to $1.1 billion
There is A LOT of data in the cloud:
7 percent of data is currently stored in the cloud – by 2016 it will rise to 36 percent
As of 2013, there is over 1 Exabyte of data in the cloud (that’s 1,073,741,824 GB)
Not surprisingly, companies are saving significant dollars by moving to the cloud:
In 2013, it’s been reported that 84 percent of CIO’s cut applications costs by moving to the cloud.
MeriTalk Cloud Computing Exchange, an online community of Federal government IT executives, the federal government saved around $5 billion after moving to cloud applications.
Data retention and data loss is a serious concern for companies thinking about (or those who have already) moved to the cloud. Data loss can happen:
According to a recent Aberdeen report, “SaaS Data Loss: The Problem You Didn’t Know You Had” 32 percent of companies surveyed had lost data in a SaaS application.
60 percent of companies that have lost their data will shut down within 6 months.
To avoid data loss in the cloud, companies should ensure they have the right cloud backup and/or cloud-to-cloud backup technologies in place (along with the right processes and other internal guidelines).
Is your company moving to the cloud? Or, are you already there?