Northbridge Venture Partners - 2012 Future of Cloud Computing Survey reveals new "Formations" and shifting trends

posted Jul 4, 2012, 1:33 PM by Bruce P. D'Sena   [ updated Jul 4, 2012, 3:24 PM ]
In a new survey, Northbridge Venture Partners paints a bright picture for the Cloud industry with a full 50 percent of respondents (up from 13% last year) reporting confidence in the Cloud for mission-critical applications. 
  • Software as a service (SaaS) is the primary type of Cloud investment with 82 percent citing current usage and 84 percent looking to SaaS as the deployment model for new applications. Interestingly, the report also cites PaaS as a surging interest area and the foundation for building new applications with 75% of respondents expecting to build new apps on a PaaS platform over the next five years.
  • Public Cloud usage seems to be gathering momentum. 40% of respondents’ are currently deploying Public Cloud strategies, with 36% emphasizing a hybrid approach.
  • 57% of companies identify scalability as the most important driver for Cloud adoption followed by business agility at 54%.
  • The majority of respondents (53%) believe that Cloud Computing lowers costs and creates a simpler IT workflow.
  • Security is still a concern with 55%of respondents, followed by regulatory compliance (38%) and vendor lock-in (32%).
  • Top 3 areas are backup and archiving (43%), business continuity (25%), collaboration tools (22%), and big data processing (19%). 80% of respondents correlate a big data disruption with cloud computing.
Michael Skok, a partner at NVP also suggests that besides deployment types (public, private, hybrid) and deployment layers (IaaS, PaaS, SaaS), a third dimension "Formations" is emerging when it comes to classifying the Cloud landscape. The five primary formations that have surfaced are Social / Collaboration Cloud, Mobile / Location Cloud, Media & Entertainment Cloud, E-commerce & Payments cloud and the Big Data / Analytics Cloud. 

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