Public cloud services spending to reach USD 123 bln in 2017

Tuesday 21 February 2017 | 16:11 CET | News
Worldwide spending on public cloud services and infrastructure is forecast to go up by 24.4 percent to USD 122.5 billion in 2017, according to a research by IDC. Over the 2015-2020 forecast period, overall public cloud spending will see a 21.5 percent CAGR, that's nearly seven times the rate of overall IT spending growth. By 2020, public cloud spending is forecast to reach USD 203.4 billion worldwide. SaaS will remain the dominant cloud computing type, capturing nearly two thirds of all public cloud spending in 2017 and roughly 60 percent in 2020.

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Categories: Internet
Countries: World
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