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Public Cloud Computing: Businesses Shift to Cloud-First Strategies
Public cloud services will grow into a $200 billion market by the end of 2016, according to Gartner. IDC also predicts that Public Cloud services will more than double in size by 2019. Gartner’s breakdown of the market is as follows:
- $90.3 billion – cloud advertising
- $42.6 billion – Business Process as a Serice
- $37.7 billion – Software as a Service
- $22.4 billion – Platform as a Service
Sid Nag, Research Director at Gartner, said that “IaaS continues to be the strongest-growing segment as enterprises move away from data center build-outs and move their infrastructure needs to the public cloud. Certain market leaders have built a significant lead in this segment, so providers should focus on creating differentiation for success.”
Eileen Smith, program director of customer insights and analysis at IDC, said that “Industry-specific applications will be a driving force as businesses look for solutions that can be easily configured to their unique business and vertical requirements. With the huge increase in the number and diversity of services available in the market, organizations across the industries will shift steadily toward cloud-first strategies to enable digital transformation.“
That’s the way to go!
Thanks for sharing; I’m glad to see the continuous growth of cloud services.
Cheers!