The cloud market for IT services in the UK will more than double in the next four years to be worth £6bn, according to research firm TechMarketView.
By 2014 cloud services will represent 15% of the market and cloud adoption will soar to a 26% compound annual growth rate, far outstripping any part of the traditional' IT services market, it predicted.
But take-up rates will vary depending on company size and sector, said the report. SMEs will likely move application assets off premise faster than large enterprises, while bigger companies may make earlier and greater use of cloud-based infrastructure, said the report.
"We expect that the public cloud market will grow much more rapidly than private cloud in the early years, as enterprises move 'easy win' applications off premise. In contrast, private cloud implementations involve substantial investment in infrastructure and software installation and migration, and will therefore not move as fast," it found.
TechMarketView's prediction for cloud adoption
- First wave - adoption of public cloud computing for 'green field' applications and for legacy applications no longer fit for purpose.
- Second wave - conversion of traditional data centres to private clouds.
- Third wave - migration of mission-critical legacy applications to public clouds.
These waves will overlap, but the third wave is unlikely to really pick up steam until the middle of the decade.