Monitis: Cloud Monitoring Blog

Even the mainstream press is getting on the cloud computing bandwagon!

A September 22nd story in The Wall Street Journal says cloud computing providers are in a recession-driven boom, as they offer companies cheaper ways to develop and manage IT infrastructure. Even investors are showing renewed interest in providers.

Industry analysts Gartner predicts that global revenue for cloud providers will grow to more than $56 billion this year, nearly 25% higher than 2008.  Gartner also says the market will climb to about $150 billion by 2013.

And I like the point that George O’Connor brought out in the piece. He’s a software and IT services analyst at institutional investor and corporate advisor at Panmure Gordon. "What makes this different is that it represents a more elastic approach to the problem of developing an IT infrastructure,” he said. 

He was referring to the fact that, up until now, companies had to build IT systems to “handle a limited number of specific business scenarios, but build them with the capacity to meet the highest possible demands.”  So, they’ve had to pay for IT platforms (along with servers, utility costs and server labor and management) that are far bigger than what they actually need.  Thus the savings of moving to a cloud platform, where you only have to pay for what you need.

I’m glad to see this subject taking on a wider audience because I think it’ll speed the adoption of virtual computing, and convince more corporations –and investors – of the savings and efficiencies that come with it.