Public Cloud Services market to reach $204 billion in 2016

The worldwide public cloud services market is projected to grow 16.5 per cent in 2016 to total $204 billion, up from $175 billion in 2015, according to Gartner, Inc. The highest growth will come from cloud system infrastructure services (infrastructure as a service [IaaS]), which is projected to grow 38.4 per cent in 2016. Cloud advertising, the largest segment of the global cloud services market, is expected to grow 13.6 per cent in 2016 to reach $90.3 billion.

9 years ago Posted in Cloud + MS Colocation/Hosting Infrastructure Platform Security Storage

"The market for public cloud services is continuing to demonstrate high rates of growth across all markets and Gartner expects this to continue through 2017," said Sid Nag, research director at Gartner. "This strong growth continues reflect a shift away from legacy IT services to cloud-based services, due to increased trend of organisations pursuing a digital business strategy."The IaaS segment will remain the fastest-growing segment in 2016, forecast to reach 22.4 billion.

"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," said Mr. Nag. "Certain market leaders have built a significant lead in this segment, so providers should focus on creating differentiation for success."

Cloud application services (SaaS) is forecast to grow 20.3 per cent in 2016, to $37.7 billion. As software vendors shift their business models from on-premises licensed software to public cloud-based offerings, this trend will continue. In addition, the entry of some major software vendors into the public cloud last year will fuel growth of the SaaS market moving forward.

Public Cloud Services market to reach $204 billion in 2016

ASL CN1 Cuneo selects Cubbit’s geo-distributed S3 cloud

F5 equips network and security teams with AI assistant for F5 Distributed Cloud Services

Why Are Tech Companies Looking to Move Digital Workloads?

Vultr collaborates with AMD, Broadcom and Juniper Networks to pioneer new GPU data centre architecture

Less than a fifth of IT professionals say cloud infrastructure meets their needs

Kyndryl to lead The Co-operative Bank’s migration

Google Cloud lands partnership with Air France-KLM

Infinigate Cloud offers easy access to Barracuda security solutions