Cloud-related hardware, software and services revenue represented only 1% to 4% of total revenue in 2012, a recent study said.
The study from Strategy Analytics said this trend is based on an analysis of a sample group of global ICT providers including CSC, Dimension Data, HP, IBM, Microsoft, Orange, and SAP.
By 2015, these %ages will rise to 5% to 9% of total revenue according to Strategy Analytics.
Mark Levitt, director of business cloud strategies research at Strategy Analytics, said, “Despite all the attention paid to clouds, cloud products and services still contribute only a tiny portion of total revenue for most IT software, hardware and service providers. It will take 5-10 years for significant cloud-related provider revenue and customer savings to be realized.”
“Now is the time to make the right decisions regarding what business cloud market segments, strategies and partners to pursue. Otherwise, cloud computing could turn into a bubble and bust for many providers,” Andrew Brown, executive director of enterprise research at Strategy Analytics, added.