Many companies plan to adopt cloud services in the near future, according to a recent Savvis study.

The survey found nearly 75 percent of respondents will transition from desktop applications to cloud computing in the future, with 54 percent of respondents currently featuring cloud technology or intending to implement it within the next year, CIO Insight relays.

Forty-eight percent of respondents said reducing their IT infrastructure costs was a top priority for 2010, which may explain why so many companies are choosing cloud computing, according to CIO Insight. Companies that embrace the cloud can reduce their long-term energy and capital expenditure costs, while gaining greater flexibility in how they access corporate information.

Of those who still haven’t embraced the technology for their businesses, 52 percent said security was not a major deciding factor, CIO Insight reported. This recent study shows that despite recent articles commenting on potential security gaps associated with cloud computing, many companies are still confident their data and information are safe with the technology.

In addition, the survey found 61 percent of business leaders said they believe managing IT in-house has no advantages to outsourcing IT and needs to stop, CIO Insight relays.

A recent Gartner study found global cloud revenue is expected to reach $68.3 billion in 2010, which is a 16.6 percent increase from last year. By 2014, the research group expects cloud services to reach $148.8 billion in revenue.ADNFCR-2553-ID-19859656-ADNFCR