Welcome!

@CloudExpo Authors: William Schmarzo, Pat Romanski, Elizabeth White, Liz McMillan, Yeshim Deniz

Related Topics: @CloudExpo, Microservices Expo, Agile Computing, Government Cloud

@CloudExpo: Article

One Day the Cloud Really Will Be Big: The Economist

So how big is the cloud? And how big will it be in, say, ten years?

"One day the cloud really will be big..." concludes an article in this week's international print edition of The Economist, an intriguing article that sets out to quantify the size of the three main layers of the cloud computing ecosystem.

The article draws in part on these statistics , published in Guy Rosen's invaluable "Jack of All Clouds" blog.

What The Economist attempts to do is to quantify the SaaS, PaaS and IaaS layers of the ecosystem. It is in that last category that it makes use of Rosen's data and also quotes Cloudkick - the San Francisco start-up - and Randy Bias, who is, like Rosen, a Top 50 Cloud Blogger.



The article's guesstimate is that "revenues generated by computing infrastructure as a service in 2010 may exceed $1 billion."

It then goes on to speculate about the future:

"So how big is the cloud? And how big will it be in, say, ten years?

It depends on the definition. If you count web-based applications and online platforms, it is already huge and will become huger. Forrester predicts that it will grow to nearly $56 billion by 2020. But raw computing services, the core of the cloud, is much smaller—and will not get much bigger. Forrester, reckons it will be worth $4 billion in 2020 (although this has much to do with the fact that even in the cloud, the cost of computer hardware will continue to drop, points out Stefan Ried of Forrester)."

The Economist doesn't hesitate to gently chastise Amazon for its reticence in terms of supplying statistics regarding EC2.

"Amazon, for instance, only reveals that it now stores more than 200 billion digital 'objects' and has to fulfil nearly 200,000 requests for them per second," the article notes, adding that these are  "impressive ... but not very useful" numbers, since an object can be a small file or an entire movie.

"One day the cloud really will be big," the article concludes, before observing, somewhat trenchantly:

"Given a little more openness, more people might actually believe that."

More Stories By Jeremy Geelan

Jeremy Geelan is Chairman & CEO of the 21st Century Internet Group, Inc. and an Executive Academy Member of the International Academy of Digital Arts & Sciences. Formerly he was President & COO at Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences across six continents. You can follow him on twitter: @jg21.

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


CloudEXPO Stories
Industry after industry is under siege as companies embrace digital transformation (DX) to disrupt existing business models and disintermediate their competitor’s customer relationships. But what do we mean by “Digital Transformation”? The coupling of granular, real-time data (e.g., smartphones, connected devices, smart appliances, wearables, mobile commerce, video surveillance) with modern technologies (e.g., cloud native apps, big data architectures, hyper-converged technologies, artificial intelligence, blockchain) to enhance products, processes, and business-decision making with customer, product and operational insights.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the modern business digitalization solutions. Achieve up to 50% early-stage technological process development cost cutdown with science and R&D-driven investment strategy with Codete's support.
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and Big Data teams at Autodesk. He is a contributing author of book on Azure and Big Data published by SAMS.
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.