The International Data Corp (IDC) said in a report earlier today that “Server revenue for cloud computing in the public sector is projected to rise to $718 million in 2014 from $582 million in 2009.” IDC analyst Katherine Broderick later said in a statement “Now is a great time for many IT organizations to begin seriously considering this technology and employing public and private clouds in order to simplify sprawling IT environments,” server revenue for private-sector cloud market is expected to increase to $11.8 billion from $7.3 billion in the same period, IDC said.
What does this mean for top cloud hosting providers? You estimate that out and you see that server sales for cloud computing are expected to jump to $12.6 billion in the next five years. As many new companies embrace “the cloud” their cost of virtualized computing will go down, leaving room for growth.
