The money spent on cloud computing is expected to grow in the coming years, tech news site CIOL has reported.
According to the report, the International Data Corporation (IDC) has predicted that revenue for cloud computing server hardware revenue will grow. Experts have estimated spending to rise to $718 billion by 2014, up from $582 billion in 2009.
"Many IT decision makers are seriously considering cloud computing as a way to dramatically simplify their sprawling virtual and physical infrastructure," said Katherine Broderick, research analyst, Enterprise Platforms and Datacenter Trends at IDC.
"However, there is still some lingering apprehension over issues like integration, availability, security, and costs. These concerns, and how they are addressed by IT vendors, will continue to guide the adoption of cloud computing over the next several years."
The survey shows that server revenue for private cloud computing systems is expected to reach $5.7 billion in 2014, up from $2.6 billion in 2009, and that 44 per cent of respondents are willing to pay for a private cloud computing system.