{"id":1235,"date":"2016-08-03T08:56:28","date_gmt":"2016-08-03T12:56:28","guid":{"rendered":"https:\/\/solutionsreview.com\/cloud-platforms\/?p=1235"},"modified":"2016-10-18T11:51:57","modified_gmt":"2016-10-18T15:51:57","slug":"gartner-cloud","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/cloud-platforms\/gartner-cloud\/","title":{"rendered":"Gartner Projects $1 Trillion Shift In IT Spending To Cloud"},"content":{"rendered":"
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\"Gartner<\/p>\n

Yesterday, Gartner inc<\/a>, announced it’s market analysis of the growing shift in IT spending from traditional hardware and software, to cloud computing. The IT research firm asserts that this trend will continue over the next five years, and that the transfer will total $1 trillion as businesses large and small\u00a0shift to the cloud. Gartner predicts\u00a0that\u00a0the amount of money IT will spend on compute migration\u00a0this year is about $114 billion, and will grow to $216 billion in the year 2020- resulting in\u00a0a total of $1 trillion over the course of the next five years. That’s not to say that on-premis IT spending is going anywhere anytime soon, yet– it’s hard to ignore the massive impact cloud is having on the industry as a whole, and this report by Gartner solidifies everyone’s suspicion with cold hard financial vindication.<\/p>\n<\/header>\n

“Cloud-first strategies are the foundation for staying relevant in a fast-paced world,” said Ed Anderson<\/a>, research vice president at Gartner. “The market for cloud services has grown to such an extent that it is now a notable percentage of total IT spending (see Table 1), helping to create a new generation of start-ups and “born in the cloud” providers.”<\/p>\n

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“The market for cloud services has grown to such an extent that it is now a notable percentage of total IT spending,” said Ed Anderson, Gartner research vice president and author, along with analyst Michael Warrilow,\u00a0of “Market Insight: Cloud Shift — The Transition of IT Spending from Traditional Systems to Cloud.”<\/p>\n

Additionally, Gartner reports that on average, cloud spending will represent 24% of the IT budget by 2020.<\/p>\n

Within IT organizations, the shift will be most evident in three areas:<\/p>\n