Cloud Computing in Tourism Market 2019-Thematic Research
Cloud computing (IaaS, PaaS, SaaS, private, and hybrid) accounted for 9.5% of a global ICT market that was worth US$2tn in 2017, according to GlobalData. Whilst the global ICT market is forecast to grow at a CAGR of 5.7% over the next five years, cloud computing revenues, which passed US$193bn in 2017, are growing at 18%. In theory, the entire IT market could shift to the cloud, so the disruption yet to be unleashed onto the global software and IT services sector is likely to be substantial.
Traditionally, investing in cloud computing technology has not been a priority for tourism industry, for reasons such as data security and privacy concerns, infrastructure availability, and regulatory compliance worries, and the lack of staff skills required to manage and maintain the technology.
However, adopting a cloud-based model can be beneficial for tourism companies. Cloud solutions offer flexibility, scalability, back-up options, and remote access to services and information. They also make sure crucial structures are still running in case of a single point failure, and make system recovery a lot easier and faster.