IBM has recently announced plans to commit $1.2 billion in order to expand its global cloud footprint. This will mean increasing their network of data centres in 13 different countries. They aim to have this completed by the end of 2014 in line with their plans to encompass themselves into the newly expanding cloud-based market.
According to IBM, the cloud market is set to grow $200 billion by 2020 due to the demand by large public bodies and governments wanting to manage their supply chains and streamline their business practice.
Enrich Clementi (Senior Vice President of IBM Global Technology Services) has said “IBM is continuing to invest in high growth areas. Today’s news is another major step in driving a global expansion of IBM’s cloud footprint and helping clients drive transformation. IBM recognises the universal need to deliver mission-critical workloads in a cloud environment that are secure, reliable and built on open standards.”
Since 2007, IBM has acquired more than $7.5 billion’s worth of Cloud infrastructure and holds over 1,560 cloud patents.