Public cloud services reached $100 billion market in 2015

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According to IDC, public cloud computing services can account for forty sixth of internet new growth in overall IT outlay in 5 key product categories: applications, application development and readying, systems infrastructure computer code, basic storage, and servers. The analysis report states that over following 5 years as outlay on public IT cloud services expands at a compound annual rate (CAGR) of twenty seven.6 % from $21.5 billion in 2010 to $72.9 billion in 2015.

Frank Gens, senior vp and chief analyst at IDC said: “Cloud services area unit interconnected with and accelerated by different turbulent technologies, together with mobile devices, wireless networks, huge knowledge analytics and social networking. Together, these technologies area unit merging into the industry’s third major platform for semipermanent growth. As throughout the mainframe and laptop eras, the new platform guarantees to radically expand the users and uses of data technology, resulting in a good and completely new style of intelligent business solutions.”

Key analysis findings:

SaaS can account for roughly 3 quarters of all outlay on public cloud IT services throughout the forecast. SaaS will drive server and storage cloud outlay.
In 2015, fifty % of all public IT cloud services revenues can come back from the U.S. but as cloud services adoption accelerates, regions outside the U.S. can show a lot of stronger growth.
One of each seven greenbacks spent on packaged computer code, servers and storage offerings in 2015 are going to be associated with the general public cloud model.

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