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Corporate spending on cloud computing is headed sky high, according to a report Friday from IHS Technology (IHS). Cloud-related tech spending by businesses is forecast to triple from 2011 to 2017, the research firm said. By 2017, enterprise spending on cloud computing will amount to a projected $235.1 billion, triple the $78.2 billion spent in 2011, IHS said. This year, global business spending for infrastructure and services related to the cloud will reach an estimated $174.2 billion, up 20% from the amount spent in 2013. Cloud services, applications, security and data analytics will account for an ever-growing portion of total information technology spending by enterprises, valued today at about $2 trillion, IHS analyst Jagdish Rebello said in a statement. “The robust growth will come as an increasing number of large and small enterprises move more of their applications to the cloud, while also looking at data analytics to drive… Scalper1 News
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