NEW YORK, NY -- (Marketwire) -- 09/05/11 -- Companies are increasingly looking to cloud computing environments in order to accelerate value in business financials and reduce costs. Cloud computing is highly appealing to today's organizations, not only because of its projected cost savings but also because of the cloud's flexibility. The Bedford Report examines the outlook for companies in the Technology Sector and provides stock research on Apple, Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT). Access to the full company reports can be found at:
Management Today reports that 37 percent of firms surveyed say they will transfer in excess of 60 percent of their applications to a private cloud environment in the future. While large corporations and businesses are rapidly bringing their applications to the private cloud, co-existing with a public cloud has not been appealing to these organizations. The report finds that a mere 6 percent of those surveyed intend on moving to the full public cloud, based on security concerns.
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Earlier this summer Microsoft officially launched its main entry in cloud-based services for small businesses, Office 365. The Office 365 plan for Small Businesses is optimized for organizations with 25 users or less and includes Office Web Apps, Exchange Online, SharePoint Online, Lync Online at approximately $6 per user per month.
Also this summer Apple unveiled its much-anticipated iCloud software. The iCloud is a complete suite of services that automatically allows Apple product users to store and retrieve applications in the cloud.
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