Are you looking to break out in the tech sector but not sure where to go? According to Microsoft you may want to focus on cloud computing.
Recent research commissioned by Microsoft suggest that cloud computing may be one of the fastest growing tech segments in the coming years with spending on public and private IT cloud services generating $1.1 trillion a year in new business revenues and creating nearly 14 million jobs worldwide from 2011 to 2015.
“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. “It’s a transformative technology that will drive down costs, spur innovation, and open up new jobs and skillsets across the globe.”
The IDC study released today discovered that cloud computing will help create nearly 1.2 million U.S. and Canadian jobs by 2015 and that the U.S. accounted for 62 percent of worldwide spending for public IT cloud services last year. The highest percentage of new jobs will occur in emerging markets, according to the study, especially China and India, which together are expected to produce nearly 6.8 million cloud-enabled jobs between 2011 and 2015. This can partly be attributed to the size of their workforces, and partly to the fact that many Chinese and Indian companies aren’t bound by large legacy system investments.
IDC developed its results by analyzing cloud spending trends in more than 40 countries and then using this information to forecast the number of jobs this spending will create.
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