Investments in Cloud computing is set to head north as indicated by market analyst IDC. According to analysts, companies spending on server hardware (for cloud computing) will grow in next few years.

A new survey by the firm predicted that there will be an investment of around $6 billion in the cloud computing technology between now and 2014 to take maximum advantage of data storage concept.

Hardware revenue for public cloud computing is set to grow from $582 million to $718 million in the five years between 2009 and 2014, while the private market is also set to see a rise from $2.6 billion to $5.7 billion in the same period, the report said.

Katherine Broderick, research analyst at Enterprise Platforms and Datacenter Trends, commented: “Many IT decision makers are seriously considering cloud computing as a way to dramatically simply their sprawling virtual and physical infrastructure.”

According to a recent survey carried out by CWJobs, there could be more roles for IT Professionals thanks to the growth of cloud computing. 40 percent of IT staff believes that there will be more roles as the infrastructure option’s popularity rises.