Cloud Computing to Fuel Job Market Explosion, Notes IDC

Research firm IDC is projecting that 14 million jobs around the world will be created between 2011 to 2015 as the cloud computing market continues to accelerate. IDC expects that 70,000 new cloud-related jobs will be created in Canada alone in that time.

Companies are currently spending 75 percent of their IT budgets to maintain and update infrastructure and hardware, notes IDC. It’s widely accepted that the move to cloud computing offsets the need to purchase hardware – and software in many cases – and employing cloud based tools and applications is often far more economical.

“The cloud is going to have a huge impact on job creation,” says Susan Hauser, Microsoft corporate vice president of the Worldwide Enterprise and Partner Group, who commissioned the report. “It’s a transformative technology that will drive down costs, spur innovation, and open up new jobs and skillsets across the globe.”  In fact, IDC calculates that 1.5 million new cloud jobs were already created in 2011.

Interestingly, the three industries expected to generate the most cloud-related jobs include: communications and media (2.4 million), banking (1.4 million), and discrete manufacturing (1.3 million).

Furthermore, the report indicates that emerging markets will be the primary beneficiaries of the job explosion with India and China together producing 6.8 million cloud-enabled jobs.

In addition, by 2015 business revenues from IT innovation enabled by the cloud could reach US$1.1 trillion a year – compared to $600 billion generated in 2011 – as companies shift from in-house to offsite systems to process, manage and store data. Both SMBs and larger businesses should benefit equally, the study finds.

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One Response to “Cloud Computing to Fuel Job Market Explosion, Notes IDC”
  1. Roop says:

    Anyone see a parallel to the Terminator movies? Just sayin’