Cloud Computing Forecast for 2015: Impact on Cloud Hosting, Storage and Backup Service Demand

Venture Computers - Article - 021915_imageThe year 2015 is well underway and according to a recent study by Goldman Sachs, it is expected that cloud computing will grow at a rate of 30% over the next three years, a trend that started back in 2013.

The cloud computing forecast for small- and medium-sized businesses (SMBs), organizations with over 1,000 employees, varies, but all IT consultants agree that the cloud computing market will grow greatly in the coming years for organizations worldwide. Here are just a few of the key findings of the report:

  • 59% of cloud workloads will be software as a service (SaaS), up from 41% in 2013.
  • It is predicted that the cloud computing market will grow to $32.6 billion by 2016. In 2011, the cloud storage and backup market was only $13.5 billion; that’s a growth of approximately $19.0 billion in the last five years!
  • 42% of enterprises are planning to spend money on consulting for cloud storage and backup. The biggest market for cloud services is SMBs, which are expected to adopt cloud hosting and computing solutions at a rate of 52%.

The cloud computing market is one of the fastest-growing, with the study from Goldman Sachs predicting that spending on cloud storage and backup will grow at a rate of 30% between 2013 and 2018. This is compared to the mere five percent that spending on other areas of IT infrastructure have grown at.

In fact, over the 12 months, 31% of IT executives are planning to have their organization focus on cloud hosting and computing. Some of the predictions about the cloud include:

  • By 2016, enterprises will shift 11% of their budget away from in-house IT to cloud storage and backup platforms.
  • Globally, spending on cloud computing is expected to grow to $127.5 billion by 2018.
  • 60% of all enterprises will have at least half of their infrastructure being cloud hosted.

Now is the time for your organization to adopt cloud storage and backup. With more and more businesses adopting cloud solutions, you want to remain competitive. But the cloud computing market is a crowded one, and finding a service provider who is suited to your needs can be a daunting task.

At Venture Computers of Canada, Inc., we are a leading provider of cloud storage and backup, specializing in providing solutions for SMBs. We provide storage at our conveniently located data centre in Downtown Toronto, along with daily monitoring and retrieval of your important documents whenever you need them. We even let you decide which files to backup and restore. Our cloud solutions are also easy to use and ensure the security of your data. Contact us for more information today!

Columbus, L., “Roundup Of Cloud Computing Forecasts And Market Estimates, 2015,” Forbes web site, January 24, 2015;