- Global cloud IT market revenue is predicted to increase from $180B in 2015 to $390B in 2020, attaining a Compound Annual Growth Rate (CAGR) of 17%.
- From 2012 to 2015, cloud demand accounted for 70% of related IT market growth, and Bain expects it to represent 60% of growth through 2020.
- Of the Fortune Global 50 companies, 48 have publicly announced cloud adoption plans, many of which use the cloud for a broad swath of their IT environments.
- More than 90% of current customer demand for cloud comes from replacing or upgrading existing, non-mission critical applications and from the creation of new digital businesses.
These and other estimates are from the Bain & Company research brief The Changing Faces of the Cloud.
Health-care companies’ shift to cloud computing is usually thought of as a technology story. There is also a human element. Cloud computing enables companies to quickly scale their computing power up and down. In health care alone, the cloud-computing market will reach $9.48 billion world-wide by 2020, up from $3.73 billion in 2015, according to a forecast by researchers at MarketsandMarkets.
Attracting more developers to Cloud Foundry's cloud native application framework is the top priority for the open source foundation's new boss, Abby Kearns. Kearns took on the role as executive director late last year, following the departure of former CEO, Sam Ramji, who joined Google's enterprise cloud division. Meanwhile, Chip Childers became the Foundation's CTO. The reshuffle followed a solid year for Cloud Foundry, adding new members including Google, Bosch and Volkswagen, while the Foundation has updated its strategy around containers with the transition to a new container manager system, Diego.
InformationWeek: Private Cloud Merits 2nd Look As Container Environment
Private cloud has not been the path of choice for many IT staffs, and critics say there's a good reason for that: the public cloud is more efficient. But Jonathan Bryce, executive director of the OpenStack Foundation, offers a counter argument. During a recent visit to San Francisco from OpenStack headquarters in Austin, Texas, Bryce spent an hour with InformationWeek talking about how the options for private cloud are looking better than they've ever been. That's mainly because much has been learned through hard experience, where early OpenStack implementers found the cloud software was complicated, frequently changing and incorporated a number of concepts that were still being evolved, such as its networking platform, Neutron.