Worldwide public cloud services spending forecast to reach US$122.5 billion in 2017, says IDC

A new update to the IDC Worldwide Semiannual Public Cloud Services Spending Guide shows that worldwide spending on public cloud services and infrastructure will reach US$122.5 billion in 2017, an increase of 24.4% over 2016. Over the 2015-2020 forecast period, overall public cloud spending will experience a 21.5% compound annual growth rate (CAGR) - nearly seven times the rate of overall IT spending growth. By 2020, IDC forecasts public cloud spending will reach US$203.4 billion worldwide.

from DIGITIMES: IT news from Asia http://ift.tt/2lmI7xs
via Yuichun