Future Prospects
To date, only 5% of businesses have installed Web 2.0 collaboration applications. However, document collaboration based in the cloud looks set to grow rapidly this decade, as cloud based services begin to really take-off. Analysts give different projections for the growth of the cloud computing sector.
- Frost & Sullivan predicts that the cloud industry is set to grow by 39% every year until 2015 when it will be worth $5.8 billion.
- Forrester is even more optimistic, predicting that Software as a service and Web 2.0 applications will be worth $22 billion by 2013.
- The IDC says the cloud computing market is set to hit $44.2 billion by 2013 and that Cloud-related services will grow at more than five times the rate of the IT industry in 2011, up 30% from 2010.
New innovative firms are joining the industry as cloud based document collaboration gets adopted more and more by businesses around the world. It is for this reason that document collaboration has become an area of IT services industry analysts are watching for the future.
Read more about this topic: Document Collaboration
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