The Value Of The Cloud Is Going Sky High!

It is often said it is best to invest your money in things that you can touch feel and see, such as bricks and water, oil. Gold etc. But maybe it’s time to look at things that are less easy to feel, such as the cloud. The sheer monetary facts would back this idea up at the current value of the cloud is around $117bn and is projected to increase to around $220bn in 2020, the Public cloud alone will be worth around $110bn in 2016!

Currently each sector is spending, on average, $5531 on the cloud but this is expected to treble to $17,958 in 2016 clearly showing that the cloud is becoming an ever increasing importance to businesses and the public sector alike.

The cloud has three main services that it uses which have differing fundamental models in which each higher model abstracts from the details of the lower models, these are; infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). The value in each of the areas is all different but they are all also projected to increase, IaaS’s expenditure is currently $2772 but is going to go up to $9194 in 2016, PaaS is currently at $1399 and is said to go to $4988 and finally SaaS to go from $1400 to $3775.

They say every cloud has a silver lining but maybe their worth is in gold!

See our Infograph for more facts on the cloud!

This infographic has been produced by CWCS