06 September 2011 16:55:30
Cloud computing has fueled the growth of many different industries, while improving the practices and efficiency of other existing organizations. New reports show that the IT channel industry attributes much of its success to the advent of cloud computing services, TechJournal South reports.
According to the source, CompTIA, a non-profit IT industry trade association, recently conducted surveys of the IT channel industry. The survey found that through the past 12 months, 46 percent of IT channel companies attribute half or more of their total revenues to cloud services and products.
Surveys illustrated the degree to which the cloud has helped small, medium and big businesses cut costs and increase revenues. The study also found security concerns to be the biggest hurdles in the way of more companies adopting cloud services.
"In all likelhiood, the security concerns are a function of cloud's relative immaturity, and that as adoption increases and more demonstrable examples of cloud implementations come to bear, the apprehension over security issues will lessen," CompTia industry analysis director Carolyn April explained in a statement.
Industry experts project much of the same, as the International Data Corporation expects the cloud industry to grow from a $3.8 billion industry in 2010 to $6.4 by 2014.
-McAfee Cloud Security