Use of Cloud Computing and Virtualization in the Time of Recession

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Cloud Spending To Be Up 21% This Year: Gartner

IT spending is obviously shifting in search of cost-effectiveness as the economy goes to hell

Gartner thinks that global revenues from cloud computing will surge 21.3% this year and top $56 billion, according to Reuters reporting from Finland.

IT spending is obviously shifting in search of cost-effectiveness as the economy goes to hell.

Gartner VP Ben Pring predicts that growth for many cloud services will be "relatively modest" through the next two years, but expects it "to accelerate as these approaches prove themselves and then benefit from increased spending levels as macroeconomic conditions improve."

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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