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:

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:

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?