Worldwide public cloud services spending forecast to double by 2019, says IDC

According to IDC, worldwide spending on public cloud services will grow at a 19.4% compound annual growth rate (CAGR) -- almost six times the rate of overall IT spending growth - from nearly US$70 billion in 2015 to more than US$141 billion in 2019. The new spending guide expands on IDC's previous public cloud services forecasts by offering greater detail on industry and geographic spending levels.

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