Cloud computing providers have been chosen by fewer than one in five organizations questioned to host their applications, with two-thirds in early discussions, in trials or not considering a move, said computer security firm Symantec.

It was previously predicted at a Gartner Summit in Sydney that “by 2016, 20 per cent of all business organization’s IT will be purely Cloud-based was put to delegates and a panel of IT gurus. Roughly 70 per cent of an audience of around 250 agreed with the prediction”.

IT research firm Forrester has forecast that the global cloud computing market will grow from $41 billion this year to $241 billion in 2020.

Companies such as Amazon, Microsoft, Salesforce, Google and Rackspace are looking at cloud computing providers to help them increase their scale without installing expensive hardware and software locally.

As mentioned in an article by Reuters:

While three out of four organizations have adopted or are currently adopting cloud services such as backup, storage and security, when it comes to the wholesale outsourcing of applications there is more talk than action, Symantec found.

Concerns about security and a lack of expertise among IT staff are the main factors holding companies back, according to the survey of 5,300 organizations carried out by Symantec, which makes the popular Norton anti-virus software.

The majority of respondents also said they expected that implementing cloud computing would eventually improve or at least not affect their security. Symantec gathered their information by speaking to organizations in thirty-eight countries in a telephone survey they carried out between April and June of 2011.

Remember back in 1997 when Steve Jobs spoke about his vision of what Cloud computing would look like and how it would change how we do business? If you don’t remember, check out this video.

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