Analysts from IHS are forecasting that enterprises will spend $235 billion on cloud computing by 2017. That's a 35 percent increase over the $174 billion they believe will be spent in 2014, and this year's projections are 20 percent higher than last year's totals.
"Enterprises today are trying to create faster, more efficient I.T. environments to ensure more responsive, agile and successful businesses," said IHS's senior director for information technology, Jagdish Rebello. "In these cloud-based settings, enterprises also want to integrate the deep analytical power of big data, which will give them competitive advantages through insights about present and prospective customers."