Despite the immense popularity of cloud computing and SaaS offerings, many organizations are still holding back from adoption due to security concerns, said a new study.

The survey, which will be published next month by Launchpad Europe, found that 49.5 percent of companies said they are not currently using - nor do they plan to use - any cloud computing-based technologies in the next 12 months, reported IT news website Dark Reading.

Of these organizations not interested in cloud computing, 50 percent said their primary reason was "security concerns," followed by "budgetary restraints" at 21.4 percent.

"While cloud computing remains high on the corporate agenda, organizations' concerns about cloud security will not go away overnight," Mike Burkitt, technical director of Launchpad Europe, told the news provider. "Before businesses will feel comfortable transitioning to cloud-based services, they first need to be convinced that the business benefits of the cloud outweigh the security risks - and that goes for both service providers and the cloud infrastructure itself."

One way cloud computing providers are attempting to convince businesses is through offering high data availability numbers and developing private or hybrid cloud environments.

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