TECH SUPPLIER Aug 2018 - Market Forecast - Doc # US44232218
Worldwide Public Cloud Infrastructure as a Service Forecast, 2018–2022
This IDC study discusses the worldwide public cloud infrastructure-as-a-service market forecast for the 2018–2022 forecast period.
"Public cloud IaaS is now a nearly $25 billion global market, and with the increase in revenue base, growth rate is slowing down from its earlier exponential pace," said Deepak Mohan, research director, Computing Platforms and Technologies Group at IDC. "But outlook continues to be strong for the public cloud IaaS market — driven by increased adoption by enterprises and a broadening set of use cases that are moving on to public cloud IaaS. These will drive continued revenue growth and maintain annual growth rates at over 30% through the forecast period."
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