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Cloud Computing: Public Cloud Spending to Grow Faster than Private and Hybrid
Public, private, hybrid — there are a lot of qualifiers used when describing sectors of the cloud market. IDC has a new one: the ‘whole cloud’. The whole cloud is a sum of public, private and hybrid cloud. It also includes cloud-based services, software and infrastructure-related hardware.
IDC predicts that global whole cloud revenues will reach $554 billion in 2021, double the revenues seen in 2016.
Most of the money, nearly half, will be spent on public cloud services. And of that public cloud service money, about two-thirds will go towards software as a service.
Frank Gens, senior vice president and chief analyst at IDC, said that “the most obvious takeaway from this forecast is that the shift to the cloud consumption model – in all its forms – is a mass movement… Equally important, though, is the steady drumbeat of tech innovation that is coming from the major public cloud suppliers, making it virtually impossible for enterprises and developers seeking advantage through IT not to embrace the public cloud.”
