Businesses around the world are increasingly adopting cloud computing, whether it is for data storage or implementing business management software.
According to a new industry report, this will lead to a surge in business cloud spending, with expenditure on cloud solutions to triple from 2011 to 2017.
The forecast comes from IHS, a global business analytics and research firm. The group's analysis predicts that global business spending on the cloud infrastructure will reach approximately NZD$210 billion this year, representing a substantial 20 per cent increase from 2013.
By 2017, it is expected that market revenue for the cloud will hit NZD$283.3 billion, which is three times the figure reported in 2011.
Jagdish Rebello, senior director and principal analyst for the cloud and big data at IHS, said that the ever-changing needs of businesses today mean a growing migration towards cloud solutions is inevitable.
"With the cloud touching nearly every consumer and enterprise around the globe, spending for cloud-related storage, servers, applications and content will be dedicated toward building a framework that is rapidly scalable, highly dynamic, available on-demand and requiring minimal management," he explained in a February 14 statement.
"The robust growth will come as an increasing number of large and small enterprises move more of their applications to the cloud, while also looking at data analytics to drive new insights into consumer behaviour."
As a dynamic, secure and cost-effective resource for businesses of all kinds, it is no surprise that the rise in popularity of cloud computing continues to grow.
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Fully scalable and able to adapt with the changing demands of your business, this software lets you tap into the collaborative powers of cloud software to get everyone engaged in strategic planning.