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Public cloud market to grow 17 percent in 2016

Public cloud market to grow 17 percent in 2016

September 23, 2016

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The worldwide public cloud services market will grow 17 percent in 2016 to $208.6 billion, up from $178 billion in 2015, according to a forecast by Gartner Inc.

The highest growth will come from cloud system infrastructure services or infrastructure as a service (IaaS), which is projected to grow 43 percent in 2016. Cloud application services, or software as a service (SaaS), is expected to grow 22 percent in 2016 to reach $38.9 billion.

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