Frost & Sullivan: 40% of New Zealand companies spend 10% of IT budget on cloud solutions; 57% intend to increase cloud based budgets

Frost & Sullivan: 40% of New Zealand companies spend 10% of IT budget on cloud solutions; 57% intend to increase cloud based budgets PR Newswire AUCKLAND, New Zealand, Nov. 26, 2012 - Ability to lower overall IT costs is the leading driver for adoption of cloud computing; security the top criteria for selecting a cloud vendor AUCKLAND, New Zealand, Nov. 26, 2012 /PRNewswire/ -- Interest in cloud computing has grown substantially over the past couple of years. Enterprises in New Zealand are constantly evaluating adoption of cloud computing to improve business agility, increase standardisation of IT infrastructure and lower cost of delivering IT services. Frost & Sullivan's research, State of Cloud Computing New Zealand 2012 reports that of the organisations in New Zealand that currently use cloud computing services, 40% spend more than 10% of their total IT budget on cloud solutions or services, while 20% spend more than 20% of their total IT budget. Larger organisations generally spend significantly more on cloud computing services than smaller ones. Phil Harpur, Senior Research Manager, Australia & New Zealand ICT Practice, Frost & Sullivan says that 57% of organisations in New Zealand that are currently using cloud solutions plan to increase their cloud-based solutions budget significantly over the next 12 months, reflecting a market very much in a growth phase.