We all know the cloud is continuing to grow at a rapid pace. More companies, from government to manufacturing to retail, are feeling increasingly comfortable about moving their data to the cloud. So, how big is the cloud becoming? Check out a few stats below for a better understanding of where we are today…...and where we’re headed.
The cloud is BIG business:
- According to Gartner Research, SaaS-based delivery will experience healthy growth through 2015 - worldwide revenue is projected to reach $22.1 billion
- IDC Research found that Infrastructure as a Service (IaaS) will grow to $5.4 billion between now and 2017 while Platform as a Service (PaaS) will grow to $1.1 billion
There is A LOT of data in the cloud:
- 7 percent of data is currently stored in the cloud - by 2016 it will rise to 36 percent
- As of 2013, there is over 1 Exabyte of data in the cloud (that’s 1,073,741,824 GB)
Not surprisingly, companies are saving significant dollars by moving to the cloud:
- In 2013, it’s been reported that 84 percent of CIO’s cut applications costs by moving to the cloud.
- MeriTalk Cloud Computing Exchange, an online community of Federal government IT executives, the federal government saved around $5 billion after moving to cloud applications.
Data retention and data loss is a serious concern for companies thinking about (or those who have already) moved to the cloud. Data loss can happen:
- According to a recent Aberdeen report, “SaaS Data Loss: The Problem You Didn’t Know You Had” 32 percent of companies surveyed had lost data in a SaaS application.
- 60 percent of companies that have lost their data will shut down within 6 months.
To avoid data loss in the cloud, companies should ensure they have the right cloud backup and/or cloud-to-cloud backup technologies in place (along with the right processes and other internal guidelines).
Is your company moving to the cloud? Or, are you already there?