Businesses will invest more in the cloud in 2012, study finds

As cloud computing continues to gain momentum in the enterprise, it will become more of a priority for businesses looking to remain competitive. In fact, more than 24 percent of respondents to TechTarget's 2012 IT Priorities survey said they plan to expand their cloud services through next year.

The study also found that 27 percent of respondents cited cloud computing as an important asset to remain efficient, while slightly more than 50 percent said it was of medium significance.

"We've done enough investing in infrastructure-level products and virtualization, along with exploring options for cloud strategies," one transportation company decision maker said in the report. "Next year is when we'll move forward with implementing our first significant cloud, which will be a hybrid [cloud model]. It's been a long time coming, but we're there now."

Additionally, the report found that more than 50 percent of respondents said they plan to expand their IT budgets for 2012.

According to IDC, the public cloud will generate more than $55 billion in revenue by 2014. Next year may be the massive push toward the cloud that the market needs.

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