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Find this week’s top cloud computing news and hot air, right here; including Middle East and African cloud providers to OpenStack revenue projections
Cloud Storage to Grow
Research firm TechNavio is forecast continued growth in the market, with decreasing prices and cheaper cloud storage.
TechNavio recently released a forecast that the cloud storage market is set to grow at a CAGR of 36% until 2016. North America is seen as being the largest adopter of cloud computing storage. This forecast is extremely positive news cloud service providers, but more importantly for mid-size firms as it will make for more affordable cloud storage with the increase of options and scale. The report notes that mobile technologies, including tablets and smartphones, are a major contribute to growth.
Cloud Growth and Adoption Rise in Middle East and Africa
Cloud service providers are picking up steam, and customers in the Middle East and Africa – seen at GITEX IT Expo.
The IT cloud services market in the Middle East and North Africa is set to grow by 20.2 percent through 2016 according to Gartner. Concerns about security and privacy are still seen as some of the biggest inhibitors to moving to the cloud, but the economics of the technology are still spurring positive adoption rates. Leading cloud service providers in the region, like eHosting Data Fort, are able to win customers by quelling customers’ security concerns implementing advanced firewalls and network isolation between clients.
Openstack Ecosystem Revenue to Exceed $600M in 2013
Openstack related revenues are on track to hit $1B by 2015 as commercial models, solutions providers and customer demand evolves.
According to a market report by 451 Research, the revenue generated by vendors in the OpenStack ecosystem is on track to reach 600 million USD by the end of 2013. The systems integrators, providers of turnkey OpenStack solutions, and cloud enablers should see revenue growth and will contribute at higher levels to a total ecosystem revenue of about $1B before 2015. Currently Rackspace is accounting for 70% of the market share.