Perhaps the biggest transformation affecting technology today is the transition to the cloud from the previous client-server computing model. The cloud gives businesses efficient ways to reduce IT costs and invest in broad innovation, creating economic growth and new job opportunities. In fact, an IDC study commissioned by Microsoft and released today discovered that “cloud computing will help create nearly 1.1 million U.S. jobs by 2015 and that the U.S. accounted for 62 percent of worldwide spending for public IT cloud services last year,” blogged Microsoft.
The reports indicating that cloud computing will create nearly 14 million new jobs globally by 2015, and the revenues from cloud innovation could reach $1.1 trillion per year by 2015.
The report also indicates specific industries such as professional services and retail, and banking expected to generate the most cloud-related jobs are communications and media (2.4 million), banking (1.4 million), and discrete manufacturing (1.3 million), and that public cloud investments will drive faster job growth than private cloud investments.
Also, the report notes governments can influence the number of jobs created by cloud computing within individual countries.
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. “We tend to think of China and India as emerging markets, but they’re actually early adopters of the cloud,” John Gantz, svp at IDC and author of the white paper says. “They’re not bound to existing systems. They’ve skipped that step, so there’s less holding them back.”
Among the study’s findings:
- Cloud computing will create nearly 14 million new jobs between 2011 and 2015
- By 2015, business revenues from IT innovation enabled by the cloud could reach US$1.1 trillion a year
- Cloud-related jobs will accrue evenly to businesses with 500 or fewer employees and those with more than 500 employees
- More than one-third of cloud-enabled jobs will occur in the communications and media, banking, and discrete manufacturing industries
- China and India will account for about half of all new cloud-related jobs.
For more information, you can read the paper online embedded below, or download the full report here: