Technology is always evolving, but the pace of change has quickened over the past decade, particularly in business communications. The ways in which we interact and do business have undergone a sea change, thanks in part to the cloud.
Just a few years ago, the cloud seemed like next-gen technology, something that only the most forward-thinking companies would use. Today, it has become a pressing organizational requirement. That urgency is reflected in these statistics:
- Cloud computing will increase from $67B in 2015 to $162B in 2020, according to IDC.
- The worldwide public cloud services market will grow 18% in 2017, according to Gartner.
- At least half of IT spending will be cloud-based by 2018, according to IDC. It is projected to reach 60% of all IT infrastructures, and 60–70% of all software, services, and technology spending, by 2020.
The reasons behind that growth are clear. Financially and practically, the cloud makes sense for most companies.
Consider these three benefits:
- Cloud technology eliminates the need to house, maintain and upgrade hardware.
- It’s easily scalable, providing flexibility as companies grow.
- Cloud solutions make it easier for mobile workforces to collaborate and access data remotely.
