Disaster Recovery Journal

When it comes to cloud computing, expectations are high for 2013. Businesses of all sizes—from garage-based startups to multinational corporations—are putting their resources into utilizing cloud computing technologies and services to help them deliver products and services, while reducing overhead operating costs. 

Nearly 50% of all enterprises in North America and Europe are predicted to set aside budgets for cloud investments this year. Additionally, 50% of software development companies are planning to deploy applications in the cloud. According to a research report by 451 Market Monitor, the cloud computing marketplace will reach $16.7 billion in revenue this year, compared to a revenue of $8.7 billion in 2010. 

Perhaps the most astonishing prediction was one released by Markets and Markets in their Cloud Storage Market-Worldwide Forecasts and Analysis research report: the cloud storage market will astronomically increase in revenue from $5.6 billion in 2012 to $46.8 billion in 2013! 

With statistics like these, it is obvious that cloud computing services such as cloud hosting are here to stay. Interestingly, even the Federal Government is using this technology: according to the U.S. Federal Cloud Computing Market Forecast 2013, the Federal Government cloud computing market will enter into a double-digit growth phase—at about 16% over the five year period of 2013 to 2018. 

If you have not yet entered the world of cloud computing technologies, it is not too late!