Predicting the Growth of Public and Private Cloud Computing Through 2018
Cloud computing technology has quickly become the go-to solution for companies of all sizes around the world. By the end of this year alone, American businesses will have spent approximately $13 billion on cloud-based technologies.
But how does cloud computing's future look? According to recent studies, we can expect the cloud's growth to continue on the upward trajectory it's been on for the last few years.
According to a Cloud Tech article, a recent Cisco study found that some 78% of all workloads will be based in and processed by cloud data centers by 2018 -- with global annual cloud network traffic reaching an astonishing 6.5 zettabytes (for comparison, one zettabyte is equivalent to one trillion gigabytes).
Of these cloud-based workloads, approximately 69% will be located on privat...