Just how ubiquitous are smartphones becoming? More than a billion such devices will be sold in the year 2014, according to a Credit Suisse estimate. By the same year, the market for cloud-based mobile apps will have increased by 90% compared to 2009. By 2016, analysts predict there will be 10 billion connected mobile devices in use globally, and smartphone traffic will be 50 times what it is today.
Apps are moving to cloud for three primary reasons, according to a survey of IT executives: accessibility to data from multiple devices, lower cost and increased speed for businesses.