Researcher IHS Technology expects spending on cloud infrastructure and services to hit $174.2 billion in 2014, up 20 percent from $145.2 billion last year. Perhaps more to the point, it expects this growth rate to continue with enterprise spending on cloud to soar to $235.1 billion by 2017. That would be triple the amount spent on cloud ($78.2 billion in 2011.)
While researchers may differ on how much cloud spending will grow going forward, they all agree that it’s on the upswing — which is why IBM, Hewlett-Packard, Cisco, Microsoft et al are rushing to adapt to the new model and to cloud-first upstarts like Amazon Web Services.
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