The Cloud Computing industry has incredible growth potential. Still in its infancy, cloud computing is driven by the internet and all things internet-enabled. The adoption of a cloud-computing model is used for achieving economies of scale, enhancing information sharing speed and developing new services. In Australia this year, total industry revenue is expected to be $1.24 billion, up 7.8% on the previous year. Over the past five years, the industry has increased at an annualised rate of only 1.6% per year.
This industry includes companies that host computing applications or data processing activities online. Computing and computer-based application data are stored on an online server. This server enables a client to access the data from any remote location with an internet connection.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.