Worldwide public cloud services spending forecast to reach US$266 billion in 2021, says IDC

Worldwide spending on public cloud services and infrastructure is forecast to reach US$266 billion in 2021, according to the latest update to the 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 CAGR of 21%. Public cloud services spending will reach US$128 billion in 2017, an increase of 25.4% over 2016.

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