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Verizon on Tuesday said it will now begin offering consulting services for enterprise customers looking for help managing, monitoring and maintaining their cloud-based applications.
Company officials said the Verizon Cloud Computing Program will offer a flexible, vendor-neutral approach for managing homegrown applications, apps hosted by a third party or those running from an existing Verizon datacenter.
Verizon (NYSE: VZ) promises to create a secure cloud-computing environment that incorporates a five-tiered process focusing on assessing, designing, migrating, managing and securing applications and datacenters in the cloud.
The timing -- considering all the hype surrounding cloud computing -- is ideal for Verizon as it looks for new revenue streams beyond its core wireless and Internet business.
"It is now clear that cloud computing is part of the future of IT," said Joe Crawford, Verizon's executive director of IT solutions and hosting product management. "While many businesses recognize the many benefits associated with cloud computing, concerns still persist over security, performance and governance."
Worldwide cloud services revenue is on pace to surpass $56.3 billion in 2009, a 21 percent increase from 2008 revenue of $46.4 billion, according to Gartner. The market is expected to reach $150.1 billion in 2013.
"Cloud computing is a broad and diverse phenomenon," said Gartner analyst Ben Pring. "Much of the growth represents a transfer of traditional IT services to the new cloud model, but there is also scope for creation of substantial new businesses and revenue streams."
IBM, Google, Amazon, Microsoft as well as traditional business software vendors like SAP and Oracle continue to make heavy investments in cloud computing, either developing new service offerings themselves or acquiring smaller cloud specialists.
Business processes delivered as a service -- e-commerce, HR and advertising -- represents 83 percent of this burgeoning market and is projected to grow another 20 percent to more than $47 billion this year.
"With our market-leading IT capabilities and experience from building and deploying our flagship cloud offering, Verizon Business is well-positioned to advise enterprises on their cloud computing strategy," Crawford added.
Article courtesy of InternetNews.com.