Technology research firms predict cloud spending will skyrocket in the next couple of years, and many of the big players in the cloud market stand to benefit tremendously in the uptick of services. While it may be easy to say that Microsoft, IBM and Amazon will inevitably succeed in terms of sales and continued growth. It is only logical to ask which specific sectors inside of the cloud market will be impacted more significantly by the impending corporate cloud spending frenzy?
Infrastructure as a Service – Believe it or not, many small to medium businesses are still using network gear that can be over 10 years old. Many businesses are afraid of an impact to existing services if a cloud migration were to happen. As worries begin to calm about organizations that have reservations with regards to hosting critical operations within the cloud, you will start to see cloud businesses that focus on IaaS as their core product begin to boost stellar profits while acquiring record numbers of new clientele. Another key factor to weigh is the fact that cloud security will have advanced tremendously by 2017 thus giving some reluctant adapters more peace of mind.
Data analytics – One of the best and often most overlooked advantages to using the cloud is amount of granular data that the analytics platform gives an organization. Once an organization has total control over their resource usage and spending, they can begin gauging their cost of service versus the old methods they have used in the past. The cloud gives businesses and organizations more data than they have ever had before. In markets potentially worth trillions, the cloud allows businesses to gain razor thin profit margins that were not as evident before. These savings can be significant at any level of business, and cost savings will be a product of all the data analytics apps’ functionality being formulated in today’s cloud apps.
According to research, expect these two sectors of the business cloud to expand rapidly as a result of the ongoing corporate cloud spending frenzy.