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Cloud Computing: 2017 Marked a Turning Point for Cloud Computing
$117 billion was spent on public cloud services in 2017. Spending last year grew 29 percent from the previous year, according to International Data Corporation (IDC). That 29 percent is down slightly from the previous year. Of note was the fact that the top 16 cloud providers now take up more than half of the total market share of the entire industry.
Frank Gens, senior vice president and chief analyst at IDC, said that “2017 was a pivotal year in the expansion of public cloud service adoption. This came as public cloud services continued to defy the usual laws of market gravity.”
Larry Carvalho, IDC research director of PaaS, said that “emerging technologies like containers and serverless computing are changing the delivery and consumption model of PaaS services. As more companies demonstrate value from platforms, adoption rates will remain high in the near future.”
Deepak Mohan, IDC research director of IaaS, said that “enterprise usage of public cloud IaaS is still in its early phase. There is strong interest among enterprise IT organisations to increase use of public cloud IaaS and the major providers continue to address barriers for large scale adoption. These factors will continue to drive workload deployments in public cloud IaaS, and the market can be expected to grow at the current rate for at least the next two years.”
