This IDC update provides an executive-level overview of IDC's forecast for the Canadian public cloud market. IDC Canada's initial cloud forecast was developed in June 2012 and can be found in Canadian Public IT Cloud Services: 2012–2016 Forecast Overview (IDC #CA1CCS12, June 2012).
Key highlights from this update:
Public IT cloud services surpassed the half-billion-dollar mark in Canada in 2011.
The largest-growing segment of the public cloud market is software as a service (SaaS).
The five-year CAGR for public cloud for 2012–2016 is anticipated to be 27.8%.