Cloud computing adoption could boost top five EU economies by €763 bn by 2015, says research

07 Dec 2010

1

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).

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more