The growth of cloud computing

The cloud computing industry has grown dramatically since 2008. 6 years ago, the global industry was estimated to be worth $46 billion. This is still a massive amount and not to be discounted, but by the end of 2014 the industry is expected to have more than trebled to $150 billion.

From its humble beginnings in 2008, the cloud computing industry has now become very much a part of the fabric of business computing services, and by 2016 experts anticipate that cloud computing will take up much of the IT budget in businesses.

It is also predicted that the Asia-Pacific market will account for 1.5 Zb (zettabytes) of cloud computing storage – that’s 1.5 billion terabytes.

Of course, among the most used cloud computing services is Amazon, along with rivals Microsoft and Google. Cisco and Oracle have recently announced plans to match Amazon’s pricing and have stepped up their efforts to compete in the cloud market, with Cisco recently purchasing the company Metacloud.

So why is cloud computing growing?

The rapid transition from desktop to mobile devices is a large factor driving the explosive growth of cloud computing. With the many different models of smartphone and tablets, each using applications with a front-end interface but a back-end stored in the cloud, the demand for cloud storage space is an ever-increasing one.

Social networks such as Facebook and Twitter have a never-ending battle on their hands as the amount of data they provide increases exponentially on a daily basis.

In addition, the ability to store data and content by private users in a third-party location has become popular, with Google’s free Google Drive, Amazon’s web services, and applications like Dropbox offering affordable storage solutions for the everyman.

For businesses the concept of cloud storage is a no-brainer – a totally scalable IT infrastructure that grows or recedes with the business, without the need for expensive investment into on-site hardware.

Thousands of businesses across Singapore and Southeast Asia are embracing cloud computing to meet their needs. Are you ready to join them? Find out now how Cloud Comrade can help you with all your cloud computing needs.