Cloudability sees a new high for cloud spending, showing more cloud market momentum
Cloudability is reporting that it’s managing $500 million worth of cloud deployments. That’s a big number, and it points to the continuing growth of the public-cloud market.
photo: Shutterstock user Tyler Olson
The public-cloud market just keeps growing, as more enterprises supplement their on-premise deployments with shared infrastructure and increasingly startups run their entire operations on it. That spells more money flowing to cloud providers, as well as companies providing ancillary services, such as Cloudability. That company is now managing $500 million worth of public cloud spending for its customers, according to a blog post by company CEO Mat Ellis. The figure is up from $250 million just half a year ago — and it shows just how fast the public-cloud market is expanding.
While that number addresses deployments from many vendors of Software as a Service (SaaS), Platform as a a Service (PaaS) and Infrastructure as a Service (IaaS), Cloudability has particularly fine-grained tools for analyzing spending on the cloud-computing gorilla that is Amazon Web Services. Ellis pegged AWS as a $3.8 billion business, and it has been projected to hit $24 billion less than 10 years from now.
In recent months two companies that have done well in PaaS — Google and Microsoft — have made their own IaaS offerings more widely available. Plus
there’s VMware, which has announced its vCloud Hybrid Service IaaS play, and IBM is bolstering its offerings with the acquisition of SoftLayer.
Surely these companies and others want to make sure they can get in on the IaaS market as it just keeps growing. Macquarie Capital expects the total cloud market to swell to $71 billion in 2015, and Gartner sees a $131 billion public-cloud market by 2017 in its crystal ball. Companies want as much of that pie as they can get. Meanwhile that poses more revenue opportunities for companies like Cloudability, too.
By Jordan Novet