Merrill Lynch have estimated in the next five years that the cloud computing market could be worth $95billion...forgive me while I fall backwards off my chair and scream hystercially into the air with joy.
Of course, these are the guys who didn't see any sort of money trouble heading our way a few years back so whilst I wouldn't bet my house on their prediction, I also certainly wouldn't rule it out.
A great article in Business week goes into detail about how 'a major shift in the way companies obtain software and computing capacity is under way as more companies tap into Web-based applications' and it's hard to disagree.
It makes so much sense to use tools and applications online and the one stumbling block that remains is really fear of the unknown. As Business Week suggests, it's the crossover from old to new that is holding an already spiraling process back, like a dog owner desperately clinging onto the lead of an excitable puppy.
Any large business, or small for that matter, needs to make sure transitions are smooth but once the initial scepticism is past $95billion could seem somewhat pessimistic. The sky for is literally the limit for cloud computing (and yes, that was an absolutely cracking pun).
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