We all know how quickly the cloud is taking over the company IT space.  Well Microsoft (via research firm IDC) has declared in a new study, that, by 2015, 14 million new jobs will be created globally by the Cloud Computing revolution.

Cloud Computing allows critical data and applications to be managed in centralized remote data centers, reducing costs and complexities required to manage a network.

The study also mentions that by 2015, business revenues will increase by up to $1.1 trillion.

Different regions will experience different rates of growth, of course, but the majorit of the growth will likely occur in India and China.

Interestingly, it will also be small and mid sized business driving most of the growth.

“The basic rationale for job growth is that IT innovation allows for business innovation, which leads to business revenue, which leads to job creation — a premise that is not unique to this study,” the IDC report says.

For many organizations, the majority of their IT spending is to maintain older, non-cloud systems.  Moving to the cloud can allow reduce some of that spending according to John Gantz, VP and chief research officer at IDC.