Virtual-Strategy: Bluelock’s Quest for an Efficient, Reliable & Cost-Effective Datacenter

Cloud service providers have carved out an important niche in business today, having aligned themselves with the latest technology phenomenon, cloud computing. Initially popular thanks to constrained budgets post-recession, cloud computing has fast become indispensable to companies of all sizes that wish to slash costs and tap into a more agile and scalable infrastructure. Although this market is still in its infancy, its growth is formidable: According to a report published by In-Stat, businesses in the United States will spend more than $13 billion on cloud computing and managed hosting services by 2014, up from $3 billion in 2010. Worldwide, the numbers are even more impressive. Yankee Group estimates cloud services generated worldwide revenue of $9.2 billion in 2010, and that number will grow to $22.3 billion in 2014 (25 percent compound annual growth rate).