Cloud Partner Profitability: Why you need to consider your cloud plan now

Public IT cloud services spending reached US$47.4 billion in 2013 and is expected reach over US$127 billion by 2018, according to a recent IDC study*. This same IDC research shows that cloud-oriented partners have 1.5 times higher gross-profit percentages and 1.6 times the recurring revenue as a portion of total revenue than other partners.

Cloud is moving into the mainstream. It’s not just the early adopters and "born in the cloud" solution providers that are embracing the cloud opportunity. IDC’s study of Partnering in the 3rd platform is an overview of current participation and future plans for offering cloud solutions and reasons why partners choose to become involved in cloud solutions.