Revenue related to consumer use of cloud-based backup/storage sites will grow from almost US$75 million in 2009 to more than $372 million in 2015, at a CAGR [compound annual growth rate] of 27.89%, according to new info from ABI Research (http://www.abiresearch.com).
According to ABI Research practice director Larry Fisher, “The consumer value proposition for many cloud computing applications is simple; they’re free. Most of the 1000+ US consumers responding to a 2010 ABI Research survey said they were hesitant to pay anything for use of a cloud-based service site.”
Right behind the price/cost issue, the major reason most would consider using a cloud-based application was ubiquity: the concept that they could access their valued content from any Internet-connected computer. ABI Research’s analysis found that just 11.6% of the US consumer market for online backup/storage services was paid for...| Read more »