Page 2 of 2
Even with that astronomical recurring revenue growth, Axciss' Coburn said he sees the recurring revenue cloud computing services opportunity as just in its “infancy.” He sees his company’s recurring revenue cloud computing services opportunity growing exponentially.
“This is just starting to take off,” said Coburn. “You are going to see 70 percent of all corporate data in the cloud in the next five years. Solution providers that don’t get on board are going to go away.”
ProVisionIT, an Orlando, Fla., solution provider, is moving all of its managed services customers to a cloud computing services model, said ProVisionIT CEO Josh Phillips. He said the company’s goal is to move from just 20 percent of its business coming from cloud computing services to 100 percent within three years.
“One hundred percent of our focus right now is bringing on board new cloud computing customers,” he said. “When a customer is at a point where they need to purchase new hardware that is when we move them to the cloud. We are moving those potential capital expenditure equipment sales to a cloud-based recurring revenue operating expense model.”
Vigilant Technologies, a Chandler, Ariz., solution provider, is aiming to move from 50 percent of its business coming from cloud-based services to as much as 80 percent next year, said Vigilant Technologies Chief Technology Officer Carl Ingram. He sees a huge cloud computing services opportunity coming from Microsoft’s Windows 8 and the Microsoft Surface Tablet. “That could double our revenue from $2 million to $4 or $5 million over the next two years,” he said.
Alcala Consulting, a Los Angeles, Calif., cloud computing services provider, has had a number of its small business customers shutting down their local office and moving to a virtual cloud computing-based model with employees working at home.
“The cloud is a concept customers are grasping,” said Alcala CEO Marco Alcala. “They want to know how quickly they can move to the cloud.”