Cloud computing represents one of the largest new investment opportunities on the horizon for large enterprise, delivering operational efficiencies and significant cost savings. Global spending on cloud infrastructure and services is expected to reach an astronomic $235bn by 2017 (IHS) and, by 2018, it is estimated that more than 60% of enterprises will have at least half of their applications and infrastructure on Cloud-based platforms.
The sector is inflating at a compound annual growth rate of 36% as IT budgets shift away from traditional in-house delivery towards various versions of Cloud computing as a new delivery model. The rapid growth of cloud is over four times the projected growth for the worldwide IT market as a whole and, this year alone, one out of every seven dollars spent on software, server and storage offerings will be through the public cloud model (IDC).
This robust growth is driven by organisations looking for increased agility, efficiency and flexibility but also by the need to connect with customers, get to market faster and gain competitive advantage in an increasingly interconnected marketplace. Join Whitehall Media’s 8th Enterprise Cloud Computing and Virtualization conference as we bring together hundreds of leading industry speakers, users and suppliers of cloud to review the latest ground-breaking technological innovations in this space.
Alex Hilton, Chief Executive, Cloud Industry Forum