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An International Data Corp. report forecasts public cloud services spending will increase to around $141 billion by 2019 from almost $70 billion last year, with software as a service to overtake other cloud computing service models. The public cloud-spend projection represents a compound annual growth rate of 19.4 percent and is nearly six times the projected CAGR for […] More
A new forecast from International Data Corp. predicts public information technology cloud services spending will grow to more than $127 billion in 2018 from the $56.6 billion projected for 2014. That IT cloud spending growth represents more than 50 percent of software, server and storage spending worldwide in 2018, IDC said Monday. “Over the next four to five years, IDC expects the […] More
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