Public Cloud Spending To Touch USD 195Bn In 2020
A new update to the Worldwide Semiannual Public Cloud Services Spending guide from International Data Corporation (IDC) shows worldwide revenues from public cloud services reaching more than USD 195 billion in 2020. This will be more than double the USD 96.5 billion in revenues forecast for 2016 and represents a compound annual growth rate (CAGR) of 20.4 per cent over the 2015-2020 forecast period. Cloud software – the service enablement of products in all three primary software markets: applications as a service, system infrastructure software (SIS) as a service (which combine to...