The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( Trefis) -- IBM ( IBM) unveiled its IBM SmartCloud Foundation to help companies speed up delivery, lower risk and better control the move to deploy cloud alongside their existing production environments. The move will allow organizations to install, manage, configure and automate the creatio n of cloud services in private, public or hybrid environments with higher level of control than before. The offering followed a recent study by IBM Institute for Business Value that found that 90% of organizations expect to adopt or substantially deploy a cloud model in the next three years. Over the past few years, cloud computing has become a prime focus area for IBM, and the company now offers nearly an entire range of cloud services and solutions available anywhere in the market.
The global market for cloud computing is estimated to reach $250 billion by 2016, and will create $625 billion in saving for U.S. businesses over the next five years, according to a study by SAP. Clearly, these numbers are very large and this is why major tech players as well as new players are scrambling for a share of this market. gIn this intensely competitive market where every player is mindlessly adding services and solutions to its cloud portfolio, a more strategic approach is what will determine who makes the most out of this mammoth opportunity. From the looks of it, IBM might just be doing that. Click here to find out how a company's products impact its stock price at Trefis. Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin.