Cloud based services and outsourcing may be one of the fastest growing markets in technology right now, as a recent report from Bluewolf said 35 percent of companies are looking to outsource within the next 18 months. The Wall Street Journal reported cloud computing is partially driving this growth, as companies are starting to use more collaborative applications.
“Companies spend nearly half of their outsourcing budgets on application services including development, hosting and maintenance,” the news source said, adding that more hosted collaboration will be relied on than ever by companies.
Gartner also highlighted growth in outsourcing, as it said global outsourcing will reach $251.7 billion this year, with the cloud being the fastest growing segment at a 48.7 percent increase to $5 billion in 2012, up $3.4 billion from 2011. The Wall Street Journal spoke with Lien Chen, director for corporate IT at RAE Systems, who said she likes how quickly businesses can get cloud services running and how much easier the cloud is to maintain.
The news source said whether it’s called cloud based services or IT outsourcing, it’s clearly a growing industry that is not likely to slow down in the near future.