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Article from ADMIN 11/2012

By ADMIN Magazine

Cloud Spending to Reach 100 Billion by 2016

Worldwide spending on public IT cloud services will be more than US$ 40 billion in 2012 and is expected to approach US$ 100 billion in 2016, according to a report from International Data Corporation (IDC).

The IDC study, "Worldwide and Regional Public IT Cloud Services 2012-2016 Forecast" (IDC #236552), forecasts that public IT cloud services will see an annual growth rate of 26.4 percent – five times that of the IT industry overall – from 2012 to 2016.

"The IT industry is in the midst of an important transformative period as companies invest in the technologies that will drive growth and innovation over the next two to three decades," said Frank Gens, senior vice president and chief analyst at IDC.

According to the report, by 2016, public IT cloud services will account for 16 percent of IT revenue in the following technology categories: applications, system infrastructure software, platform as a service (PaaS), servers, and basic storage. Additionally, cloud services will generate 41 percent of all growth in these categories by 2016.

Software as a service (SaaS) will claim the largest share of public IT cloud services spending over the next five years. However, the report states that basic storage and platform as a service will show faster growth. You can read more: http://www.idc.com.

Half of Companies Suffered Security Breaches

Coverity Inc. has released results of a study showing that web application security incidents have become increasingly common and expensive. More than half of the companies surveyed experienced at least one breach in the past 18 months. And, among those reporting incidents, 18 percent put their losses at more than US$ 500,000 while another 8 percent saw losses in

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