Tuesday, October 18, 2011 4:16:26 PM
The relative success of cloud computing has transformed the outlook of many other IT development industries, especially in regard to mobile devices and computers. For example, the physical size of devices have been able to decrease drastically, as remote-storage capabilities of cloud computing make bulky hard drives unnecessary and unprofitable.
Reuters Canada recently reported that the cloud may be leading to a rapid decline in the personal computer industry. In fact, many IT industry research firms project mobile devices, including tablets and smartphones, to eventually eliminate the need of PCs before the end of the decade.
According to the website, IT companies, especially manufacturers of computers and mobile devices, tied into cloud computing are faring far better than businesses not associated with the technology.
"It's server demand, specifically emerging-market server demand," Patrick Wang, Evercore Partners analyst, explained to the source while identifying growth areas. He went on to affirm the importance of cloud affiliation to compete in today's market.
According to the International Data Corporation, the cloud computing industry is projected to grow from a 885,000 unit, $5.2 billion market in 2011 to more than 1.8 million units and $9.4 billion in 2015.
-McAfee Cloud Security