Security News > 2017 > February > Public cloud services spending to reach $122.5 billion in 2017 (Help Net Security)

Worldwide spending on public cloud services and infrastructure will reach $122.5 billion in 2017, an increase of 24.4% over 2016. Over the 2015-2020 forecast period, overall public cloud spending will experience a 21.5% compound annual growth rate (CAGR) – nearly seven times the rate of overall IT spending growth. By 2020, IDC forecasts public cloud spending will reach $203.4 billion worldwide. Software as a Service (SaaS) will remain the dominant cloud computing type, capturing nearly … More →

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