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

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

The Sardar biography that throws light on our times

Patel: A Life By Rajmohan Gandhi Aleph Books, 568 pages, Rs 1,199   There are many biographi

Climate change, El Niño rewrite Indian monsoon

The month of July exceeded its rainfall target despite forecasts of a below-normal month under a strengthening El Niño. The reason could be that climate change is amplifying monsoon complexity: West Pacific warming, Western Disturbances and evolving ocean conditions increasingly interact with El Ni&

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter