The Public cloud service market is now predicted to grow to $210 billion in 2016, with SaaS and IaaS solutions also achieving significant growth, predicts Forbes.
Why is the cloud growing?
Many organisations have been utilising these services to cut costs by renting a solution, while also remaining competitive within the industry. By renting an IT solution as opposed to the business maintaining one, the time of existing staff members is released. This enables them to focus on other projects and the business to increase efficiency and productivity. Furthermore, cloud computing increases flexibility within an organisation, allowing resources to be scaled instantly.
Consistent innovation and mobility are also key benefits which are driving cloud computing. Software as a Service (SaaS) is particularly driven by these areas, enabling users to access software anywhere in the world via a subscription payment system. Examples of software as a service include CRM, file sharing, and email applications.
By 2018, 59 percent of the total cloud workloads will be Software-as-a-Service (SaaS) workloads, up from 41 percent in 2013, predicts Cisco. In 2018 cloud traffic is also estimated to have doubled in most of the world and tripled in the lowest adopted areas. User predictions are also supporting software as a service growth as it is anticipated that Western Europe will have 80% of fixed internet users, with North America having the highest mobile Internet users at 76%.
Below is an infographic illustrating a few cloud computing predictions and statistics (click to zoom).