How big will the Cloud get? Big…

The McKinsey Group has called cloud computing one of the defining trends of the decade.  From tech titans to financial analysts, we can best sum up the collective opinion on cloud computing in one word: BIG. 

How big?  Tech research firm The Gartner Group reports worldwide spending on cloud computing will reach $68 billion in 2010.  That’s a 16+% increase over spending on the Cloud a year ago.

That’s big…  But hang on.  Cloud computing is no fad, doomed to join the hula hoop or Rubik’s Cube.  Ben Pring, research vice-president at Gartner, says the upward spending trend will continue – even accelerate in the next few years.  Gartner’s report projects firms will spend around $150 billion worldwide on cloud computing in 2014.  That exceeds the Gross Domestic Product of all but the world’s 50 largest national economies.

And who is leading the charge to cloud computing?  The leaders in adopting cloud computing are the financial services and manufacturing industries.  That’s right: the stodgy, conservative financial sector and the oft tech-resistant manufacturing sector are currently leading the trend toward cloud computing.

Read more of Gartner’s report.

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