3 new reports signal cloud computing on the rise

Dive Brief:

New studies from 451 Research, Cloud Cruiser and International Data Corp. report all good news in the world of cloud computing: adoption continues to increase, costs continue to decline, and companies continue to reap the benefits of the cloud.
451 Research reported the price of on-demand cloud services fell 2.25% since October 2014. Cloud Cruiser's report found that "improving IT efficiencies and reducing costs" are the main goals for 92% of organizations who invest in the cloud.
IDC reported that investments in public cloud and spending on private cloud are on the rise, but non-cloud infrastructure spending is stagnant.

Dive Insight:

In total, IDC expects cloud IT infrastructure spending to grow by 26% this year and reach $33.4 billion this year — which equates to one-third of all IT spending.

As cloud become more commonplace and its value is proven by increasing numbers of companies, more CIOs are turning to cloud to help them improve IT efficiencies and reduce costs within their organizations.