The cloud infrastructure as a service (IaaS) market is set to record strong worldwide growth in the coming years, with Gartner estimating it will grow from $3.7 billion in 2011 to $10.5 billion in 2014.
With the ability to increase businesses capabilities for storage and processing at a reduced cost, many organizations are looking to future-proof their data management processes, a report from the independent technology analyst revealed.
However, Gartner noted that businesses must ensure they view cloud IaaS as a spectrum of services and not just a "one size fits all" solution.
"We are still at the beginning of the adoption cycle for cloud compute IaaS," said Lydia Leong, research vice-president at Gartner. "This is a rapidly evolving market that represents the transformation of IT infrastructure over ten to 20 years."
Meanwhile, new research from Microsoft has revealed that manufacturing industry chains are being transformed by new technologies such as cloud computing.
The computing giant noted that a growing number of organizations are looking to take advantage of the benefits of the hosted technology.
Posted by Paul Newman