Security News > 2021 > August > Public cloud IaaS and PaaS market to reach $400 billion in 2025

The combined public cloud IaaS and PaaS market is forecast to have revenues of $400 billion in 2025 with a compound annual growth rate of 28.8% during the 2021-2025 forecast period, according to IDC. Application development and testing, structured data management, and structured data analytics will be the largest workload segments by revenue share.

"Enterprise spending on public cloud infrastructure continues to grow faster than traditional IT infrastructure segments," said Andrew Smith, research manager Cloud Infrastructure Services at IDC. "We expect all workload segments to grow in the double digits - some slightly faster than others - as enterprises emerge from 2020 and continue to prioritize workload migration and modernization using public cloud infrastructure."

Public cloud IaaS and PaaS critical for the future of digital infrastructure.

Cloud IaaS and PaaS is a critical, enabling component for the future of digital infrastructure.

Additional trends driving workload growth within this market Public cloud services remain an essential part of enterprise recovery strategy as IT organizations reevaluate budgets, build infrastructure focused on business resilience, and work toward operating efficiently and managing risk in a post-COVID-19 world.

In 2020, we saw IaaS buyers increasingly prioritize application modernization efforts, viewing modernization as an integral component of the move toward agile application delivery and cloud operations.

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