Worldwide Public Cloud Services Spending Forecast to Reach $266 Billion in 2021, According to IDC

Worldwide spending on public cloud services and infrastructure is forecast to reach $266 billion in 2021, according to the latest update to the International Data Corporation (IDC) Worldwide Semiannual Public Cloud Services Spending Guide. Although spending growth will slow somewhat over the 2016-2021 forecast period, the market is expected to achieve a five-year compound annual growth rate (CAGR) of 21.0%. Public cloud services spending will reach $128 billion in 2017, an increase of 25.4% over 2016. Click here for more.

from Cellular News http://bit.ly/2u5uFAL