Staggering Growth Predicted In Cloud Computing - Smarthouse - 0 views
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Gary Edwards on 21 Jan 11The home business and small office sectors are leading the adoption of Cloud computing services, with business spending on Cloud services predicted to surpass $13 Billion by 2014. Cloud computing enables businesses to access computer servers and data storage over the Internet and internal networks, allowing them to lower data costs and move content more nimbly. One of the key concerns over adoption of Cloud services to date has been security issues. Recent research from the IT Governance Institute (ITGI) in the US suggested companies were holding back on Cloud investments over fears for the security of their data in the Cloud. Half of the 834 executives from 21 countries polled said they were delaying Cloud implementation because of security concerns, and over a third said they were waiting to get the full value from installed systems. Research by IDC confirmed this view, with organisations claiming identity management and access control over who has access to Cloud data was a worrying factor, along with governance issues over privacy and compliance of both Cloud data and apps. Nevertheless, the fast-growing trend has been seen to be boosting demand for infrastructure and fueling consolidation in the data-storage sector. According to the In-Stat report which forecasts trends in cloud computing and managed hosting spending in the US, the growth in Cloud Computing will be 'staggering', rising from a figure of less than 3 billion currently.