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 the flora and fauna evolved in the Indian subcontinent

Mammals of India  By A.J.T. Johnsingh and P.O. Nameer HarperCollins India in association with Bombay Natural History Society  

India`s renewable race is moving beyond megawatts

When Shell bought Sprng Energy in 2022, India`s renewable energy market appeared to offer precisely what global energy majors were seeking: scale, growth and a place in one of the world`s largest energy transitions. Four years later, Shell is selling the same business to Aditya Birla Group for an enterpris

Nepal Floods: India keeps close watch on the situation

India`s central government has been keeping a close watch on the situation arising out of the flash flood in Nepal on Wednesday. Union home minister Amit Shah spoke with the chief ministers of Bihar and Uttar Pradesh, the two states that share the border with Nepal, regarding the disaster

UPI completes 10 years of digital payments revolution

The Unified Payments Interface (UPI), launched on August 25, 2016 by the National Payments Corporation of India (NPCI) under the regulatory oversight of the Reserve Bank of India (RBI), has completed 10 years of transforming digital payments in India. UPI has emerged as the backbone of India’s digi

Here’s an I.D.E.A. for career growth and success

Success in today’s professional organisation is no longer solely determined by academic qualifications, technical expertise or years of experience. While these attributes do matter, organisations increasingly value individuals who demonstrate the right mindset and behavioural qualities. The ability

PM interacts with CEOs, founders of space startups

Prime minister Narendra Modi interacted with CEOs and Founders of 20 Space Startups at Seva Teerth on Friday.   CEOs of leading companies in the space sector working in diverse fields ranging from building rockets and reusable semi-cryogenic launch vehicles, avionics, satelli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter