Cloud Emerging Trends
Cloud computing is still a subject of research. A driving factor in the evolution of cloud computing has been chief technology officers seeking to minimize risk of internal outages and mitigate the complexity of housing network and computing hardware in-house. Major cloud technology companies invest billions of dollars per year in cloud Research and Development. For example, in 2011 Microsoft committed 90 percent of its $9.6 billion R&D budget to its cloud. Research by investment bank Centaur Partners in late 2015 forecasted that SaaS revenue would grow from $13.5 billion in 2011 to $32.8 billion in 2016.
In 2021, software as a service (SaaS) still will be the largest market segment for end-user cloud IT spending – it’s expected to grow approximately 16 percent to $117.8 billion – application infrastructure services (PaaS) is expected to grow at a higher 26.6 percent rate to about $55.5 billion, according to Gartner.