Public IT cloud services spending to reach US$127 billion in 2018, says IDC

Public IT cloud services spending will reach US$56.6 billion in 2014 and grow to more than US$127 billion in 2018, according to IDC. This represents a five-year compound annual growth rate (CAGR) of 22.8%, which is about six times the rate of growth for the overall IT market. In 2018, public IT cloud services will account for more than half of worldwide software, server, and storage spending growth.



from DIGITIMES: IT news from Asia http://ift.tt/1uoV21M

via Yuichun