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
Famous quotes containing the words future and/or prospects:
“How difficult the task to quench the fire and the pride of private ambition, and to sacrifice ourselves and all our hopes and expectations to the public weal! How few have souls capable of so noble an undertaking! How often are the laurels worn by those who have had no share in earning them! But there is a future recompense of reward, to which the upright man looks, and which he will most assuredly obtain, provided he perseveres unto the end.”
—Abigail Adams (1744–1818)
“A single gentle rain makes the grass many shades greener. So our prospects brighten on the influx of better thoughts.”
—Henry David Thoreau (1817–1862)