The Cloud Computing Market

Cloud infrastructure services are the fastest-growing segment of the mammoth $214 billion cloud computing industry. The segment is growing at 28% (27.5%) year over year and expected to reach $40 billion ($38.9) in 2019.

The cloud has fundamentally changed how we work, live, and play. Its network of remote servers store, manage, and process data to help individuals, companies, governments, and other organizations reduce the cost and complexity of owning and operating their own capital and resource-intensive computers. With the cloud, data and applications are more accessible to more people wherever they are connected to the Internet.

Cloud Retrospective

This fundamental shift in how business and society interacted with computers began in 1999 many companies started the Software as a Service (SaaS) revolution. By moving computing power into the cloud, large capital outlays, scaling limitations, and data inaccessibility became part of computing’s history book. The newfound ability to virtualize hardware allowed people to pay as they went, scale up and scale down at will, and manage their infrastructure without the need for deep networking and IT expertise.

Accounting companies leveraged the power of the cloud to disrupt the $3.3 billion CRM software market and become one of the most powerful software companies in the world. Companies used the cloud to disrupt retail commerce, forever changing the world’s economic landscape. Today, we take the cloud for granted.

But back then, building your own cloud was expensive. It required massive amounts of investment. Companies raised millions of dollars when it was first starting out. The same went for small companies and other early cloud adopters. To get the cost and scale benefits the cloud provided, companies needed deep pockets and even deeper technological know how.

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