Sky-high growth forecast for cloud services

Written by: Graeme Philipson | Published in: NetworkingSpending on public cloud services in Australia will reach $2.4 billion in 2012, up 18.8% over 2011, according to the latest forecast from Gartner. Cloud services spending in Australia is expected to have a compound annual growth rate (CAGR) of 16.9% from 2011 to 2016.

Written by: Peter Dinham | Published in: Cloud ComputingWorldwide IT spending is on track to reach US$3.6 trillion this year with a modest three percent increase from 2011 spending of $3.5 trillion, and with enterprise spending on public cloud services one significant growth area in what analyst firm, Gartner, describes as a “lacklustre growth outlook” for the global IT market.

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I have learned that cloud computing provides computation, software, data access, and storage services and virtualization is mandatory for cloud computing. I have also found in some places that there are some differences between cloud computing and virtualization.

Written by: Peter Dinham | Published in: Cloud ComputingICT services and solutions provider, Dimension Data has launched a global cloud partnership initiative which it says is aimed at assisting its partner companies bring competitive cloud services to market more rapidly in response to a growing worldwide cloud demand.

Up to now, the European Commission has kept a relatively light position on where it stands with cloud services — putting more effort into the wider issues like broadband and mobile regulation and ensuring that users all get a fair deal as these services continue to grow.

Written by: Peter Dinham | Published in: MarketMegadeals with public sector organisations valued at more than US$1 billion have largely driven recent global  growth in IT services, with revenues up by 82 percent in the second quarter of this year, as the market rebounds from a downturn.

The rapid growth and use of public cloud services by enterprises is causing some headaches for IT in many organisations, with the introduction of cloud capabilities outpacing IT’s ability to manage and control them.

IBM (NYSE: IBM) isn’t exactly a growth company, but the technology giant remains the envy of its market — especially compared to the challenging times at rival Hewlett-Packard (NYSE: HPQ). Indeed, IBM’s Q4 2012 net income rose 6 percent to $5.8 billion, though Q4 revenues were essentially flat at $29.3 billion.