McAfee expects 10-15 pc revenue from cloud computing solutions

Cloud computing to evolve concept of pay per use

PTI | June 25, 2010



Online security software maker McAfee today said that it expects 10-15 per cent of its global revenue to come from cloud computing solutions over the next few years.

Cloud computing allows companies to use services, softwares or applications on a pay-per-use model without actually owning any hardware infrastructure or licence. This helps companies save on setting up IT infrastructure or purchasing licences.

"Currently, about 5-10 per cent of our global revenues come from cloud computing solutions. But, looking at the growth, it will easily contribute to 10-15 per cent of our revenue over the next couple of years," McAfee Senior President and General Manager (Content and General Manager) Marc Olesen told reporters here.

McAfee provides security software solutions to individuals as well as enterprises. Its total net revenue for 2009 stood at USD 1.92 billion.

The total revenue from global cloud services is expected to reach USD 148.8 billion by 2014 from USD 58.6 billion in 2009, according to research firm Gartner.

"We are seeing an acceleration of adoption of cloud computing and cloud services among enterprises. However, security of the data remains a crucial concern," Olesen said.

McAfee provides solutions and certification to cloud computing services providers such as Amazon, offering protection against spamware and other online threats, he added.

Financial services and manufacturing industries are the largest adopters of cloud services, while communications and technology industries are also leveraging cloud computing.

"As these sectors have a lot of important data and applications, the security of such data is important. Any glitches will result in huge financial losses as well," Olesen said.

 

Comments

 

Other News

How to promote local participation in knowledge sharing

Knowledge is a powerful weapon to help people and improve their lives. Knowledge provides the tools to understand society, solve problems, and empower people to overcome challenges and experience personal growth. Limited sources were available to attain information on the events in and arou

‘The Civil Servant and Super Cop: Modesty, Security and the State in Punjab’

Punjabi Centuries: Tracing Histories of Punjab Edited by Anshu Malhotra Orient BlackSwan, 404 pages, Rs. 2,150

What really happened in ‘The Scam That Shook a Nation’?

The Scam That Shook a Nation By Prakash Patra and Rasheed Kidwai HarperCollins, 276 pages, Rs 399 The 1970s were a

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter