$141 billion. That’s how much experts project companies will be spending each year on public cloud services beginning in 2016 – more than double the $70 billion spent by companies in 2015. In that time frame, experts project companies will spend six times more on public cloud solutions than they do on information technology in general.
The majority of that increase will be driven by large companies, who will account for more than $80 billion of annual spending on public cloud solutions by 2019.
“With the huge increase in the number and diversity of services available in the market, organizations across industries will shift steadily toward cloud-first strategies,” said Eileen Smith, the International Data Corp. Director of Customer Insights and Analysis, in a statement.
Of course, there are still concerns and challenges facing companies as they look to the cloud.
A recent enterprise cloud computing study by IDG surveyed 962 members of its publications’ audiences about their cloud computing concerns and found the following:
67% had concerns about the security of cloud solutions, including unauthorized access, data integrity and protection (up from 61% in 2014).
43% had concerns about integration, including making information available to applications outside the cloud (down from 46% in 2014).
35% had concerns about the ability of cloud computing to meet enterprise or industry standards (up from 27% in 2014).
In order to remedy these concerns, businesses should look for a cloud provider that has a cloud solution that meets their specific needs while minimizing cost. QTS offers a range of cloud solutions to help businesses of various sizes – from small to enterprise – with their data needs.
Enterprise Cloud provides a complete feature set designed specifically for enterprise cloud infrastructures. Advanced automation and management capabilities allow businesses to easily and cost-efficiently deploy and protect critical applications.
Managed Cloud offers simplified cloud management, lower cost and reduced security and compliance risks. By delivering a more efficient and reliable hybrid cloud environment, businesses can quickly respond to their demands and cut costs, while still leveraging their IT investments.
Disaster Recovery as a Service is an innovative, cloud-based, enterprise-grade replication solution that meets the needs of today’s IT infrastructure. QTS DRaaS solution reduces complexity, maximizes investments and improves control through QTS’ data expertise.
For more information about QTS products and solutions, call us toll free at 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.