The promise of "the cloud" is that cloud storage delivers users seamless
"just in time" storage scalability to handle growth and quickly respond to
peak loads. The economics and business impact of cloud storage also delivers
a compelling financial proposition in today's budget constrained IT
environments. To the IT consumer shifting what was a capital expense and a
fixed cost to a variable cost operating expense is financially compelling.
Additionally, the ability to function in a "just in time" mode versus a
"predictive" model for consumable storage also changes the CAPEX impact
further assisting in justifying an already strong value proposition for
adopting cloud storage.
IDC forecasts that cloud-based storage will represent a $15.6B market by 2015
with a compound annual growth rate (CAGR) of 32%. They also predict 10,000
service providers will focus on cloud sto... (more)