Cloud Computing Now 5% of Enterprise IT Spending
One way of illustrating cloud computing prospects is to note that in 2014, cloud computing probably represented only about five percent of enterprise information technology spending.
By about 2018, more than 60 percent of enterprises will have at least half of their infrastructure on cloud-based platforms, according to Saugatuck Technology.
Year over year growth for leading cloud services suppliers has been dramatic. Between 2013 and 2014, Amazon revenue grew 51 percent.
Microsoft’s cloud revenue grew 96 percent; IBM’s revenue was up 48 percent; Google’s cloud revenue climbed 81 percent and Salesforce revenue was up 37 percent. In the fourth quarter of 2014 quarterly revenues were about $5 billion.
At current growth rates, the cloud services market might generate $160 billion by 2020.
In 2014 Amazon Web Services share of the worldwide cloud computing market was 28 percent, followed by Microsoft at 10 percent, IBM at seven percent, Google at five percent, Salesforce at four percent and Rackspace at three percent.