Industry News Desk
IDC Chief Analyst Predicts Cloud Computing Boom Despite Downturn
IDC chief analyst and senior vice president Frank Gens says cloud offerings will accelerate
By: Cloud News Desk
Dec. 3, 2008 07:00 AM
IDC recently predicted that cloud computing would account for 9 or 10 percent of IT spending by 2012, up from the 4 percent allocated in 2008. "That's a conservative forecast made before the Dow tanked," Gens commented last week. "So that's going to accelerate cloud offerings from the big vendors," he added.
His comments, reported in a recent article, indicated that IDC sees many companies moving to the cloud.
As IDC's Senior Vice President & Chief Analyst, he guides IDC's research into broad IT industry trends, particularly the strategic adoption of technology by Global 2000 businesses and the industries in which they compete.
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