SigmaWay Blog

Hyper growth - this term is on its way to become attached with the 'Public Cloud' market.

As per the report of Forrester Research, the global public cloud market is expected to rise to $191 billion by 2020 as compared to 2013 which stood at $58 billion. The reason behind this growth is the shift from on premise technology to cloud which has proved to be cost effective. Nowadays cloud technology is considered as a replacement of the existing systems. Forrester’s report also predicts that by 2020, the global public cloud platform service will soar to $44 billion, the cloud business service will hit $14 billion and the cloud applications which will be Software – as – a – Service or SaaS, will hit $131 billion. The cause of this whopping valuation is attributable to the fact that more and more CIOs and their technology management organizations are taking initiative for this change.

So, what’s the future of public cloud market? Read at http://www.computerworld.com/s/article/9247883/Public_cloud_market_ready_for_hypergrowth_period_ for more details. 

Software as a Service and cloud computing service providers are targeting school administrators. The objective is to demonstrate to the students the virtues of the vendors' hardware products and software solutions to gain their allegiance later in the business world. So, smart SaaS companies can capitalize on the data they collect to provide benchmarks and KPIs that offer greater value to their customers.

To know more about this aspect, read the article by Jeff Kaplan, managing director of THINKstrategies and founder of the Cloud Computing Showplace, visit http://www.technewsworld.com/story/79979.html

Nowadays software industry around the world is focused on the cloud. Workday Inc. is a human capital management and financial management software firm that joined the cloud bandwagon recently. HCM which falls in the domain of ERP solutions is becoming more and more acceptable ever since ERP solutions are available over cloud. The global SaaS-based ERP software market will grow at CAGR of 14.21% from 2011 to 2105. The major factor for this ERP growth as SaaS model is due to the lower cost of ownership.

Read more about this aspect, visit the following link: http://www.gurufocus.com/news/255442/workday-growth-continues-with-erp-as-the-saas-application-market-is-booming 

An article by E-Commerce Times columnist, Peter S. Vogel, says that it is hard to detect which is growing at a faster pace - cloud or cybercrime. Cloud may be anywhere in the world which creates interesting and complex legal questions regarding privacy of data stored in the cloud. Nevertheless, more businesses are migrating to the cloud to host data, often without regard to the legal consequences.  Many companies are migrating to the cloud to reduce their IT costs but are creating new malware-based and cyber-crime risks to their businesses. If cybercrime and cloud-focused malware continue to grow along with the cloud, the predicted growth of cloud migration may not be realized.

To know more follow http://www.technewsworld.com/story/80107.html

An article by David Linthicum, SVP at Cloud Technology Partners, talks about how Healthcare providers and payers utilize cloud platforms to store and access personnel records. He also spoke about the use of managed security services providers that will allow healthcare organizations to push some of the responsibilities to security experts.

To know more about security concerns in healthcare follow http://www.cloudcomputing-news.net/blog-hub/2014/apr/11/healthcare-cloud-security-now-and-into-the-future/

In a recent research by Commodity Technology Advisor, an analytical firm covering the ETRM and CTRM markets; it was found that cloud technology will be the next big thing for Energy and Commodities Trade and Risk Management (E/CTRM) solutions. More firms are accepting this technology replacing the on premise software model once preferred by companies. Cloud technology also helps in quicker realization of ROI. Other factors which help in accepting cloud technology are: speed of implementation, ease of integration, centralized vendor support and device mobility.

To read more why more firms are switching to cloud technology, follow the link below:

http://www.commodities-now.com/reports/technology/16598-future-of-commodities-trading-secure-in-the-cloud.html