A recent survey from IDG Enterprise, that analyzed the opinion of 1,650 IT and business executives, stated that more than a third, 34 percent, of their current budget are now allocated to cloud computing technology. The report highlights that cloud computing could gain an even bigger percentage of IT budgets in the next few years. In the next year, two-thirds of companies are expecting to increase cloud spending.  On average, organizations will increase cloud computing spending by 16 percent . Seven out of ten businesses added that their IT departments needed to expand their skills base to keep up with the cloud trends.

As per the study, a large percentage of budgets are going to private clouds. Currently, private clouds deployments are where the major information is stored i.e. 24 percent.

"Enterprises today are no longer asking 'should we move to the cloud?' because they have been swept up in the momentum -- whether they realize it or not." "The task for enterprises moving forward is less about selecting individual pieces in the cloud puzzle to work with, and more about putting the whole puzzle together. That means gaining visibility into and enabling the entire life-cycle of cloud-based applications, from development to deployment to operations-- and doing so across multiple cloud providers and resource pools. That's the true promise of cloud computing, and the only way to realize it is through multi-cloud management," says, Michael Crandell, CEO, RightScale.

As per another study  from Vanson Bourne reported 93 percent of financial decision makers believe cloud computing will be important to the success of their overall business over the next couple of years.

"Cloud spending for the year 2012 will grow to $45 Billion,” articulated Frank Gens, IDC. “ There are lot of activities around cloud that we expect to see, such as expect to see SME/SMB to increase their experimentation and implementation of cloud-infrastructure and applications. Most important to watch out is how cloud computing will impact the mobile infrastructure and ecosystems in 2012," he added.