Cloud computing adoption could boost top five EU economies by €763 bn by 2015, says research
07 Dec 2010
Widespread adoption of cloud computing could give the top five EU economies a 763 billion euro boost over five years and create 2.4m jobs, according to research by the Centre of Economics and Business Research (CEBR).
On an annual basis, CEBR forecasts the figure to be around 177 billion euros and the creation of nearly half a million jobs for the top five economies, Germany, France, UK, Italy and Spain.
The report suggests that the rapid uptake of cloud computing service offerings will make them progressively cheaper as economies of scale take hold and service offerings mature.
The findings are backed up by analysts such as Gartner which predicts that by 2012, 20 per cent of companies will not own their own IT assets.
''It is becoming clear that cloud computing is going to achieve mainstream adoption in 2011 as businesses realise the benefits and that cloud service providers can offer security and resilience that event large corporates are unable to afford,'' said Piers Linney, joint CEO of Outsourcery, cloud services and unified communications company and founder member of the Cloud Industry Forum (CIF).