How Cloud is Creating Value for Software Businesses

ISVS Cloud on Top reasons for cloud adoption Security benefits Reduction in internal IT resources Productivity gains 94% 37%) 50%) 51% 25%) Time saved in Cost IT management savings Reference: IDC-Infosys Cloud Study Top cloud security threats Malicious Insiders Denial of Service Account Traffic Hijacking Data Loss Data Breaches Reference: Gartner Research Barriers to cloud adoption 60% 42% 32% Data security an inhibitor to adoption Lack of proper industry standards Concern about reliability Reference: Cisco Business Insights Cloud adoption rates ISVS using cloud or have plans to implement within next 12 months 67.8% Large organizations (more than 1000 employees) Medium organizations (between 100 and 1000 employees) 69.7% 34.0% Small organizations (fewer than 100 employees) ISVS with an optimized cloud strategy 17.9% Young organizations (fewer than 5 years of operation) 10.2% Mature organizations (greater than 5 years of operation) Reference: Cisco Business Insights Shortage of talent with cloud based skills While there are 1.7 million cloud related jobs worldwide, there are far fewer than 1.7 million people who are currently skilled to take these positions. Reference: IDC Future of cloud market Cloud software market by 2017 %24 $75 bn Global market for cloud equipment to reach by 2018 $79.1 bn Global estimated spending on cloud computing from 2013 to 2016 Reference: Forbes $742.3 bn coMake