IDC predicts that in 2021, spending on public cloud services reached 266 billion

Experts of the analytical company IDC issued a new forecast. It refers to the spending on public cloud services. According to analysts, the market in the coming years waiting for sustainable growth.

In the period from 2016 to 2021 is expected to average annual growth rate of 21%. This year, spending on public cloud services reached 128 billion U.S. dollars, an increase compared with the year 2016 by 25.4%. And by 2021 the market will grow to 266 billion.

Most popular cloud service in the foreseeable future will remain «application as service». This year its share will have two-thirds of sales, and in 2021 — nearly 60%. The remaining sales will be for services «infrastructure as a service and platform as a service».

According to IDC, more cloud services used by companies of the industrial and banking sectors, as well as companies working in the sphere of trade and professional services. In aggregate, enterprises in these categories account for almost half of the market.

Source: IDC

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