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Cloud computing market tipped to grow

Rachel Wheeler Archive
The number of businesses storing data and applications in the cloud looks likely to keep increasing, a new forecast suggests.

According to futurist Dr Graeme Codrington, the usage of cloud computing for data sharing has gone up significantly in recent years.

He believes this trend will continue as more and more individuals and organizations become confident that the cloud is a secure means of storing information.

"They are going to feel more comfortable and therefore start putting pressure on their companies towards moving company data and team data in the cloud," Dr Codrington said.

The expert stated that this could bring about a "remarkable shift" in how companies handle their data.

Indeed, Dr Codrington suggested that the move towards storing information in the cloud could be "mind-blowingly quick".

He was speaking after the International Data Corporation said the international Big Data market will be worth $16.9 billion by 2015 - up from $3.2 billion in 2010.

Posted by Rachel Wheeler