Released annually, the analyst group's Hype Cycle aims to provide industry watchers and players with a clear assessment on how technology is being used, but also what to expect from upcoming technology trends.

The report reads: "Cloud computing is still a visible and hyped term, but, at this point, it has clearly passed the Peak of Inflated Expectations [a point on the curve]. There are signs of fatigue and signs of disillusionment (e.g. highly visible failures)."

Computerworld UK spoke to Hung LeHong, research VP at Gartner, who said that cloud is not seeing the uptake that the industry expected.

"I think cloud computing is moving slower than what everyone thought it would. Everybody has been talking about cloud for so long, but it's not moving very quickly along the curve and is heading towards disillusionment," he said.

Gartner's report also identified a number of 'tipping point' technologies this year, which are considered to be on the verge of maturing, but are not quite yet delivering the benefits to enterprises and consumers.