There are many sectors of cloud computing, including Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS), among others. What remains similar, despite any differences between the platforms, is the fact that each offering is thriving. A recent report by Synergy Research Group said that IaaS and PaaS revenues during the first quarter of 2013 surpassed $2 billion, increasing 56 percent from the same period in 2012.
The report said that IaaS and PaaS revenues are pouring in on a global scale, but that North America still accounts for more than half of the entire market.
“The success of IaaS and PaaS will also take away some growth opportunity from managed hosting and colocation, causing some specialists in those segments to diversify into cloud services,” said John Dinsdale, a member of Synergy’s research group.
In the past, security was often named as one of the potential challenges once associated with the adoption of cloud technologies. Such concerns have since dissipated, as more organizations worldwide are embracing everything cloud. A recent survey conducted by Luth Research and Vanson Bourne on behalf of CA Technologies found that 98 percent of IT decision-makers said the cloud’s protection across IaaS, PaaS and SaaS deployments has met or exceeded their expectations.
The survey also found that participants who have been using the cloud for at least one year are experiencing lower operating costs, faster IT deployments and improved outcomes than previously anticipated. John Michelsen, chief technology officer at CA Technologies, said the survey was expected to shed light on both the opportunities and challenges associated with cloud-based technologies. However, this was not the end result of the study.
“Surprisingly, survey respondents were pleased with their cloud computing initiatives, which validates that the cloud is not just a fad, and instead they are focusing on making the most of it to drive innovation, speed and performance,” Michelsen said.
Organizations of all sizes and industries can enjoy the benefits of cloud-based environments. The technology is affordable, allowing firms to purchase services without an upfront capital investment. The solution is also attractive because of its immense functionality, making it possible for businesses to improve employee collaboration, keep data protected with cloud backup and replace aging IT systems that are not scalable. It is clear that companies that do not take advantage of the cloud in some capacity will likely be in the small minority moving forward.