Why Cloud Services Spending Will Exceed $174B in 2014

The CEOs of leading companies are already striving to create an agile business model — one that responds quickly to competitive pressures and shifting market demands. Commercial agility often requires a corresponding accelerated business technology deployment. Meaning, the IT requirement is for applications to be provisioned in hours — not weeks or months.
That’s a tall order for many corporate IT departments. Regardless, it must be done. More often than not, it’s accomplished via a cloud services-based methodology.
Savvy executives that proactively migrate their IT infrastructure to a cloud-centric architecture will generate new revenue that could surge by a factor of three from 2011 to 2017, according to the latest market study by IHS.

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