With market analysis firm International Data Corporation (IDC) predicting $72.9 billion in cloud-related revenues by 2015, the cloud as the preferred storage and application environment is the future. Additionally, the IDC study indicates that by 2015, spending on public cloud services will account for nearly half of the net new growth in overall IT spending. This spending includes money spent on application development and deployment, infrastructure, storage, and servers.
In the face of this predicted growth and the inevitability of widespread cloud adoption, IT managers still question the security of both private and public cloud environments. A transition to the cloud can be fraught with concern, as IT fears data breaches and outages. However, no system is foolproof, and on-premise solutions present their own problems, with the downsides of increased costs and decreased efficiencies.