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Half of world's population headed for the cloud

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Nearly half of the world's population will be using cloud computing services in some fashion by 2018, according to a new study by Juniper Research.

In its report, Cloud Computing--Consumer Markets: Strategies and Forecasts 2014-2018, the research firm estimates that there are currently 2.4 billion people using cloud-based services in one form or another. But that number is expected to rise to 3.6 billion according to the study.

"The analysts said that advances in cloud storage, music and games would propel this figure over the next few years," says an article at Cloud Pro. "It is said that the bulk of revenues in consumer cloud services would be from streaming services, while cloud storage services find attracting paying subscribers a struggle."

Meanwhile, a KPMG report on the future of investment banking has concluded that cloud computing is one of the "most disruptive forces in business in the past 20 years," says an article at Computer Weekly. The report advises banking institutions to move away from traditional methods of doing business and embrace cloud and other new technologies.

"Cloud computing continues to change the game," the KPMG research says. "Banks that continue to use outdated legacy systems will find it increasingly difficult to create and launch new services, to provide access to a mobile workforce and to accommodate geographically dispersed customers and partners as well or as quickly as their competitors who are operating in the field."

The KPMG report warns that "the stakes are high," and that the leading firms going forward will be those that can adapt their business mix and operating models to embrace new technologies.

Read more:
- check out the Cloud Pro article
- read the Computer Weekly article

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