Cloud Shift To Affect Over $1 Trillion In IT Spending By 2020 Predicts Gartner

Posted: Jul 22 2016, 3:04am CDT | by , in News | Latest Business News


This story may contain affiliate links.

Cloud Shift to Affect over $1 Trillion in IT spending by 2020 Predicts Gartner
Photo Credit: Getty Images

More than $1 trillion in IT spending will be directly or indirectly affected by the shift to Cloud in the next five years -- making Cloud computing one of the most disruptive forces of IT spending since early days of the digital age, market research firm Gartner said on Friday.

"Cloud-first strategies are the foundation for staying relevant in a fast-paced world," said Ed Anderson, Research Vice President at Gartner.

"The market for cloud services has grown to such an extent that it is now a notable percentage of total IT spending, helping to create a new generation of start-ups and 'born in the cloud' providers," he added.

IT spending is steadily shifting from traditional IT offerings to Cloud services.

The aggregate amount of cloud shift in 2016 is estimated to reach $111 billion -- increasing to $216 billion in 2020, Gartner said.

"Cloud shift is not just about Cloud. As organizations pursue new IT architecture and operating philosophy, they become prepared for new opportunities in digital business, including next-generation IT solutions such as the Internet of Things (IoT)," Anderson said.

"Furthermore, organizations embracing dynamic, cloud-based operating models position themselves better for cost optimization and increased competitiveness," he added.

This story may contain affiliate links.


Find rare products online! Get the free Tracker App now.

Download the free Tracker app now to get in-stock alerts on Pomsies, Oculus Go, SNES Classic and more.

Latest News


The Author

<a href="/latest_stories/all/all/59" rel="author">IANS</a>
The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving Diaspora in North America. Now IANS is a full-fledged wire agency, putting out news 24x7 from around the world.




comments powered by Disqus