More and more companies are migrating to Cloud Computing to gain competitive advantage and reduce capital expense. According to CompTIA’s 9th annual Security Trends study, companies reported over 80% net usage of Cloud Computing. Over 59% reported moderate or heavy usage.
The market for Cloud Computing is maturing. According to Trends in Cloud Computing, a recent research report by the Computing Technology Industry Association (CompTIA), 90 percent claim using some form of Cloud Computing. In fact, the report provides insights that 43 percent of the Companies using Cloud Computing are migrating from one Public Cloud Provider to another for a variety of reasons including security, cost and open standards. Here are a few considerations for Cloud migration gleaned from the report.
Security is always top of mind with businesses migrating to the Cloud. Cloud Services are rapidly being adopted by most businesses today. According to IDC, the worldwide public cloud services market reached $45.7 billion in 2013 and is projected to grow at a compound annual growth rate (CAGR) of 23% through 2018. Cloud Security is an important consideration for businesses migrating to the Cloud. So, what are the top security concerns businesses face?
According to the International Data Corporation (IDC), total public IT Cloud services (SaaS, PaaS, and IaaS) spending will reach $127 billion in 2018. Compared to the 4.1% compound annual growth rate the IT market will experience from 2013-2018, the public Cloud will grow at a 22.8% compound annual growth rate. That’s five and a half times more than the total IT market spending!
Around 2008, the IT industry started to experience a massive shift in traditional computing. The International Data Corporation (IDC) began referring to this change as the “3rd platform.” The 3rd platform is built on the four technology pillars for innovation and growth: Cloud, mobile, big data, and social technologies.