The SaaS model still dominates the cloud services market, but other models are beginning to experience rapid growth. Revenues from SaaS products are expected to reach $53 billion worldwide by 2018 and make up about 59% of the public cloud computing market.
The Wall Street Journal reports that cloud adoption is lower than expected—about 17.6% of companies with more than 1,000 employees use cloud email services. Healthcare, government, and financial services organizations are 40% less likely to adopt cloud-based email than all other organizations.
Even though the main barriers to cloud adoption are security concerns, a new study found that businesses are still storing vulnerable information unprotected in the cloud.When adopting the cloud, security responsibility falls on both sides.”It is really incumbent upon the user of the services as well as the provider of the services to join forces,” Larry Ponemon, the lead author of the study, said. “You can’t just rely on one side or the other.”