Global cloud spending surged 21% in Q3 2024
In Q3 2024, global spending on cloud infrastructure services increased by 21% ...
22 Oct, 2014
Cloud Computing Being Driven by Increasing Demand for Data in the Enterprise, Growth in IoT & Mobile Markets, and Federal Cloud Priorities
ARLINGTON, VA (October 22, 2014) – The
Telecommunications Industry Association (TIA), the leading association representing the manufacturers and suppliers of high tech communications networks, released an in-depth report showing that cloud computing will be one of the fastest-growing segments in telecommunications through at least 2017. The Cloud Computing & Data Centers Report is part of a new series of reports providing detailed study of key segments of TIA’s 2014
ICT Market Review & Forecast (MR&F) – the industry’s most comprehensive data review and analysis. The Cloud & Data Centers Report predicts a nearly 50 percent increase in spending on cloud services and data center construction over the next four years as the demand for data continues to grow. According to the report, business and consumer spending on cloud computing will increase from nearly $67.8 billion this year to $107 billion in 2017, while spending on data center construction will rise 26 percent, from $23.5 billion in 2014 to $29.7 billion in 2017. The report forecasts continued double-digit spending growth in data center construction in 2014 and 2015, followed by single-digit gains in 2016 and 2017. TIA President Grant Seiffert commented, “Data is fueling unprecedented growth and technological change, and it’s clear from our report that this trend is not ending any time soon. As data becomes increasingly integral to business operations, both large and small U.S. companies will spend heavily on cloud services and data center construction. At the same time, the Internet of Things and continued smartphone demand will exponentially expand the amount of data available. Our research makes it clear that it’s all about data – building the infrastructure to manage, store and protect it.” The TIA analysis identifies several factors and trends that will fuel continued growth in the cloud and data center sector, including:
ARLINGTON, VA (October 22, 2014) – The
Telecommunications Industry Association (TIA), the leading association representing the manufacturers and suppliers of high tech communications networks, released an in-depth report showing that cloud computing will be one of the fastest-growing segments in telecommunications through at least 2017. The Cloud Computing & Data Centers Report is part of a new series of reports providing detailed study of key segments of TIA’s 2014
ICT Market Review & Forecast (MR&F) – the industry’s most comprehensive data review and analysis. The Cloud & Data Centers Report predicts a nearly 50 percent increase in spending on cloud services and data center construction over the next four years as the demand for data continues to grow. According to the report, business and consumer spending on cloud computing will increase from nearly $67.8 billion this year to $107 billion in 2017, while spending on data center construction will rise 26 percent, from $23.5 billion in 2014 to $29.7 billion in 2017. The report forecasts continued double-digit spending growth in data center construction in 2014 and 2015, followed by single-digit gains in 2016 and 2017. TIA President Grant Seiffert commented, “Data is fueling unprecedented growth and technological change, and it’s clear from our report that this trend is not ending any time soon. As data becomes increasingly integral to business operations, both large and small U.S. companies will spend heavily on cloud services and data center construction. At the same time, the Internet of Things and continued smartphone demand will exponentially expand the amount of data available. Our research makes it clear that it’s all about data – building the infrastructure to manage, store and protect it.” The TIA analysis identifies several factors and trends that will fuel continued growth in the cloud and data center sector, including:
- Large companies will increasingly move to the cloud as their data needs grow.
- Explosive growth in the Internet of Things and ongoing increases in mobile smart devices will contribute to increased cloud spending.
- Following its recent shift to the Cloud First Policy, the federal government will be a major contributor to the growth of cloud computing.
