Virtualization is currently one of the most important technologies regarding the adoption of cloud computing. A recent AMD whitepaper detailed how many companies worldwide are using these solutions to improve their operations.
Overall, nearly 40 percent of firms worldwide are using cloud computing in some capacity, while 63 percent of organizations estimate they store more than $250,000 worth of mission-critical information in hosted environments, according to AMD.
Citing a study conducted by Market Media Research, the AMD report noted that the total cloud market is projected to reach $270 billion by 2020. The U.S. government will spend $10 billion on the cloud by 2018.
The report explained that virtualization and cloud computing are now not simply considered “emerging” technologies. Firms that have IT in place will undoubtedly come across these two solutions in the near future.
Small and medium-sized businesses (SMBs) are clearly on board with the potential of cloud computing and virtualization. A survey conducted by Spiceworks found that the average annual IT budgets of those firms polled is $162,000, thanks in large part to the growing adoption of cloud and virtual environments.
The survey found that more than 60 percent of SMBs currently use cloud computing, increasing 35 percent from 2011. Nearly two-thirds of respondents have implemented server virtualization and 23 percent have done so with their desktops.
“The world’s SMBs continue to increase their investment in new technologies, including tablet devices, smartphones, cloud services, and virtualization,” said Spiceworks Co-Founder and Vice President Jay Hallberg. “The results of our research bode well for the industry as new technologies become more pervasive and prompt IT departments to make additional investments.”
As companies of all sizes look for ways to improve their operations and replace outdated IT systems, more firms will likely consider adopting cloud computing and virtualization.