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 Channel Futures

Cloud


Expect public cloud services spending to reach 141 billion by 2019 according to a report from International Data Corp IDC

What’s Next for the Cloud Computing Market?

  • Written by Dan Kobialka 1
  • March 31, 2016
Expect public cloud services spending to reach $141 billion by 2019, according to a report from International Data Corp (IDC). Here are the details.

Expect public cloud services spending to reach $141 billion by 2019, according to a report from International Data Corp (IDC). 

The global market intelligence firm’s “Worldwide Semiannual Public Cloud Services Spending Guide” indicated public cloud services spending will expand at a 19.4 percent compound annual growth rate (CAGR) — almost six times the rate of overall IT spending growth.

Other IDC findings included:

  • Software-as-a-service (SaaS) will remain the dominant cloud computing type, capturing more than two thirds of all public cloud spending through 2019.
  • Worldwide spending on infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) will grow at a faster rate than SaaS with five-year CAGRs of 27 percent and 30.6 percent, respectively.
  • Large and very large companies will be the primary drivers of worldwide public cloud services with spending of more than $80 billion in 2019.
  • Small and medium-sized businesses (SMBs) are expected to contribute more than 40 percent of the worldwide public cloud services spending total.

Eileen Smith, IDC’s program director of customer insights and analysis, noted cloud services appear to be approaching the “innovation stage” as well. 

“Cloud services will remain the essential foundation of the IT industry’s 3rd Platform of innovation and growth,” she said in a prepared statement. “There will be an explosion of new solutions and value creation on top of the cloud.”

Smith also pointed out that industry-specific applications could play important roles in the cloud computing market going forward.

“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,” she said.

What are your thoughts on the IDC report? Share your thoughts about this story in the Comments section below, via Twitter @dkobialka or email me at dan.kobialka@penton.com.

Tags: Agents Cloud Service Providers MSPs VARs/SIs Channel Research Cloud

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One comment

  1. Avatar ellise July 1, 2016 @ 9:27 am
    Reply

    Thank you ever so for you
    Thank you ever so for you article.Really looking forward to read more. Keep writing.you have facebook http://www.192-168-1-1.co

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