According to Cisco Systems Inc. in their Global Cloud Index (GCI) forecast, cloud traffic is set to quadruple by 2020. The volume of traffic in 2015 was estimated to be 3.8 Zettabytes with 2020 seeing an estimated level of 15.3 Zettabytes. If you are wondering, a Zettabyte is 1,000,000,000,000,000 megabytes. Pretty amazing changes when you consider we are only talking about five years.
Cisco has published a white paper with all of the details and please note it might take a bit of time to download.
While business growth is estimated at 2.4 times the 2015 level, consumer growth will grow by 3.5 times in that timespan. Databases, analytics, and Internet of Things (IoT) are growing the most in business usage. Video streaming, social networking, and searches will also show noticeable growth.
What does this mean to equipment rental companies? It is a validation of the prediction that computing will make a significant shift from in-house implementations to the cloud and that this change is coming sooner, rather than later. As consumers accept the move to the cloud and become used to the convenience, they will drive change in business environments by looking for similar advances in their interactions with equipment rental suppliers.
For more information on how your equipment rental business can prepare for this shift to the cloud, please contact us at 877-777-7764 x105.