A roundup of cloud computing forecasts and market estimates for Q315
- The global SaaS market is projected to grow from $49B in 2015 to $67B in 2018, attaining a CAGR of 8.14%.
- Global spending on Infrastructure-as-a-Service (IaaS) is expected to reach $16.5B this year, an increase of 32.8% from 2014.
- Cloud applications will account for 90% of worldwide mobile data traffic by 2019, compared to 81% at the end of last year.
These and other insights are from recent cloud computing forecasts and market estimates published by research and advisory...
Employee cloud storage trends uncovered in latest research
Research released by WinMagic reveals two thirds of employees do not know their company policy on cloud storage – and its usage is putting business data at risk.
The survey, which quizzed 1,000 office workers at companies with 50 or more employees, found a marked difference in employees’ usage of cloud storage; 41% of respondents said they used cloud services at least once a week, while 42% never touch them.
5% of those who said they use cloud storage once a week do so at...
Software defined data centres will be vital for business agility – but not just yet
Analyst house Gartner argues the software defined data centre (SDDC), otherwise known as the virtual data centre (VDC), is not the right choice for every IT organisation today – but long term it will be crucial to the evolution of an agile digital business.
The SDDC is whereby IT infrastructure is virtualised and delivered ‘as a service’, leading to greater levels of automation, flexibility and, in turn, business agility. The development is seen as crucial by the analyst...
Built to fail: System resiliency is not relegated to the cloud
Advances in software architecture over the last eight to 10 years have led to more complex and dynamic software architectures in the form of distributed systems. Despite this progress, today’s software applications, web-based or not, continue to still either provide a slower response or become completely non-responsive too often.
Utilising software like Chaos Monkey, which challenges a software application’s distributed systems by taking random instances offline, allows...
How a hybrid cloud architecture stops the data loss and shadow IT threat
Cloud computing continues to evolve at a fast pace, while having a large impact on modern businesses. Many organisations are considering or trialling cloud adoption, with Gartner predicting cloud computing as one of the 10 strategic technology trends for 2015, once again, showing its continuing momentum.
Cloud provides organisations with many benefits, such as the potential to reduce costs while increasing value by allowing the more...
Box announces Q2 financial figures, hits 50,000 customers
Enterprise cloud storage provider Box has announced its second quarter financial results, with revenue at $73.5 million (£47.6m) and a customer base of over 50,000.
For the second quarter of fiscal 2016, ending July 31, Box announced revenue figures at an increase of 43% year over year. Billings were at $79.6m, an increase of 45% from the same period last year, while non-GAAP operating loss was at 45% of revenue, down from 57% in fiscal year 2015.
The SaaS provider noted among its 50,000...
CIO dissatisfaction with cloud providers revealed in latest survey
Even though 93% of businesses are now using the cloud in some capacity, expectations are exceeding specific gains according to a new survey from cloud provider ElasticHosts.
More than four in five (84%) UK-based CIOs believe their cloud provider could do more to reduce the burden on in-house IT staff, and a similar number (80%) believe the pricing structure is a “rip off.”
Top of the list of grievances was slow response time to customer service queries, cited by 47% of...
Personal cloud market to hit $90bn by 2020, research study claims
The global personal cloud market is expected to top almost $90 billion (£58.5bn) in revenue by 2020, according to the latest forecast by Allied Market Research.
The research firm anticipates a compound annual growth rate (CAGR) of 33.1% between 2015 and 2020, with growing customer awareness cited as boosting growth and personal cloud for individuals continuing to lead the market.
Individual users will comprise around 60% of total market revenue by 2020 according to Allied,...
More than three quarters of firms concerned over consumer grade cloud storage
A new paper from Osterman Research in conjunction with CTERA Networks argues a clear need for organisations to adopt enterprise grade file sync and share (EFSS) software due to security and shadow IT fears.
Naturally, the conclusion of the report is less than surprising given CTERA’s continued push against consumer grade (CFSS) software. Back in July the firm released research detailing how three quarters of firms are looking for an alternative to public file sync and share services....