Industry Analyst Jeff Kagan on Private Cloud Market Reaching $69 Billion by 2018
July 04, 2014 --
Atlanta, GA (PRWEB) July 04, 2014
The rapidly growing private Cloud market is expected to reach $69 billion by 2018 according to Technology Business Research and reported in eweek.com, July 3.
Industry analyst Jeff Kagan offers comment.
The cloud is one of the most rapidly growing segments in the tech space. If we look ahead over the next decade we will see more and more companies embracing the cloud. It generally starts small, then it grows as executive management feels more comfortable with the design, the new level of open technology and the risks, says Principal analyst, Jeff Kagan.
Cloud technology will continue to grow rapidly over the next several years. However the Cloud is not risk free. There are plenty of security risks that are too great for many companies to deal with today. Today the early adopters are entering the cloud space. As we move through the next several years we will see the next wave, then the next and so on, enter the space. That means companies with a more security centric position, says Wireless analyst, Kagan.
There are differences in the cloud depending on what angle you are discussing. There is private cloud, public cloud and hybrid cloud which is a mixture.
The private cloud is put together and managed by the user company. They work with companies who supply the equipment and software. This requires quite a bit of cloud knowledge and expense.
The public cloud is put together and managed by cloud companies and space is leased to customer companies. Some cloud companies focus on larger corporate customers while others focus on smaller companies. This way the cloud companies are concerned with updates and security, not the customer companies.
The hybrid cloud is when a company manages separate clouds for their customers or their workers or partners.
Security is a major concern with the hybrid cloud since cloud security is only as strong as its weakest link, says Technology analyst, Kagan.
There are a growing number of companies entering the cloud space. We are still in the very early stages of cloud adoption. We are still in the first wave and early adopters are the companies working with this technology. This will spread to more companies over the next several years as the technology matures and security improves, says Tech analyst, Kagan.
Companies like Microsoft, HP, Microsoft, Amazon.com, Cisco and so on are large and well known, but they still only offer a partial solution to the cloud for companies who are in the beginning of their journey. They are some of the companies who provide cloud solutions to companies. There are also countless large and smaller companies in this space.
I think today we are just in the very early innings of this long cloud game. The companies who are playing today are those in the first wave. Over the next several years as the cloud matures it will attract new waves of corporate customers, says Kagan.
About Jeff Kagan
Jeff Kagan is an industry analyst, consultant, columnist, author, speaker and futurist. He shares his opinion in many ways over 25 years. Helping to understand our changing world, technology, industry and competition.
He is regularly quoted by the media. He offers comment to reporters and journalists on wireless, telecom, Internet, cable television, IPTV and other tech news stories.
Kagan is known as a Technology Analyst, Tech Analyst, Wireless Analyst, Smartphone Analyst, Telecom Analyst, Telecom Industry Analyst and Principal Analyst.
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Full Disclosure: Jeff Kagan is an independent industry analyst. He offers comment to the media on breaking news, announcements, technologies and the changing marketplace. He also writes columns and press releases offering comment, and is an author and speaker. He also works on a consulting basis sharing his opinion.
Twitter: Follow him at @jeffkagan