A recent statement by the Institute for Electrical and Electronics Engineers indicated that cloud technology was on the cusp of “explosive growth”, a sentiment backed up by a recent study done by Gartner. The company found that over the next three years, IaaS in the cloud will nearly triple, growing from a $3.7 billion industry to one that is worth $10.5 billion. According to Lydia Leong, vice-president of research at Gartner, this is partly because the cloud is still early in its adoption cycle in the industry, meaning that there is still a great deal of room for growth, both in the next three years and beyond.
Gartner’s report advised those that are providers in the cloud to get ready for “different buyer constituencies” as those using cloud services are going to want an increasingly broad range of services and pricing options. For those companies that can get a foot in the door and delivery quality service, there exists the possibility of creating long-term and stable streams of income, so long as they are willing to then adapt to consumer needs.
Although the cloud is popular in large part due to its flexibility, one area that has not seen much development is the ability to tool services and bandwidth usage to the needs of each customer. In addition, new storage solutions are still on the horizon – solutions that are tailored to a cloud environment to deal with the current I/O blender problems that exist.
While the cloud has a number of issues that still need to be resolved before it can be adopted on a large-market scale, the potential growth for the industry is significant and cloud-hosting will likely see substantial gains in the near future.