Despite Hacks, Vendors Bullish as Demand for Cloud Services Continues to Grow
By: Ecommerce Times 02.05.2015
Vendors "are seeing the cloud as the opportunity for the future and are looking at revenue models and thinking of offering a subscription-based service to reduce clients' CAPEX," according to Jagdish Rebello, senior manager for cloud and computer electronics at IHS. "Microsoft's doing that, Oracle's trying to do that, Google's doing that, and Salesforce.com is seeing explosive growth."
Despite several highly publicized cloud hacks last year – including the iCloud and Sony breaches – the demand for cloud services is skyrocketing.
Amazon Web Services grabbed 30 percent of the global cloud infrastructure service market in Q4, Synergy Research reports. It grew 51 percent year over year (YoY).
Microsoft achieved YoY revenue growth in Q4 of 96 percent; followed by Google with 81 percent, IBM with 48 percent and Salesforce.com with 37 percent.
For the whole of 2014, Amazon had a 28 percent share of the market. Microsoft had 10 percent, IBM 7 percent, Google 5 percent and Salesforce 4 percent.
Total revenues for cloud infrastructure services in 2014 grew 48 percent YoY.