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Off-premises cloud services to soar to USD 374 bln by 2022

Friday 4 May 2018 | 15:31 CET | News
Global revenue for off-premises cloud services such as software as a service (SaaS), infrastructure as a service (IaaS), cloud as a service (CaaS) and platform as a service (PaaS) is set to reach USD 374 billion in 2022, at a five-year compound annual growth rate (CAGR) of 17.7 percent, according to the latest report from IHS Markit. To grow market share, many cloud service providers (CSPs) are introducing specialised compute instances, which target data-intensive workloads and ease the integration of artificial intelligence (AI) and machine learning (ML) into enterprise business

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Categories: Internet
Companies: Amazon / Equinix / Microsoft
Countries: World
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