Last year, market intelligence firm IDC released a study that predicted 25 percent of IT spending will be geared toward cloud computing resources. IDC also surveyed 244 IT executives and CIOs to get their thoughts on cloud computing. Participants were asked what they thought the benefits of cloud computing were and identify the risks they associate with it. The survey results suggest cloud computing faces significant obstacles to reaching widespread acceptance.
The report noted other findings, including; "[cloud computing] users clearly see cloud services as an important answer to their need for speed - in their businesses, and consequently in the IT that supports their businesses." The survey results show three-quarters of respondents rank security as their No.1 cloud computing concern, with cloud performance right behind.