Aussie cloud services revenues to quadruple by 2015

Increased interest in the cloud across all sizes of business will continue to fuel the cloud computing service market in Australia, with revenues in Australia set to quadruple by 2015.

Analyst firm IDC predicts that cloud services revenue in Australia will grow from AU$470.3 million in 2010, to AU$2030 million in 2015.

This represents a compound annual growth rate (CAGR) of 34%.

This growth will be driven by the already increasing uptake of cloud services across all business sizes, from small and medium to enterprise.

The firm’s recent report, APEJ Cloud End-User Survey, 2011, examined 102 small and medium enterprises (SME) and enterprise-scale organisations across Australia. 20.6% of respondents reported using cloud computing at the moment, with 32.4% planning to use it within the next 6 to 12 months, and 41.2% planning to use it after 12 months.

According to IDC, this growth in cloud services is one part of a larger movement in the industry, which also includes mobile apps extending the digital world beyond PCs, the cloud becoming the new norm for app delivery (taking over from the client/server model) and mobile broadband.

The combination of these, according to IDC, leads to success for big data analytics and social technologies.

“The overall IT services market is certainly evolving in multiple ways, most notably by the rapid emergence of cloud-enabled and cloud-amplifying technologies, such as the ever-expanding ‘species’ of mobile applications, new mobile devices, growing availability of wireless broadband and explosion of big data tools,” said Raj Mudaliar, Senior Market Analyst, Services, IDC Australia.