The Schwartz Cloud Report

Blog archive

Public Cloud Spending Forecast To Hit $72.9 Billion by 2015

Public cloud spending will reach $72.9 billion by 2015, up from last year's $21.5 billion, according to a report released by market researcher IDC this week.

That accounts for a compounded annual growth rate of 27.6 percent over the next four years, according to the new forecast.

Public cloud services will fuel other emerging technologies, such as mobile devices, wireless networks, big data analytics and social networking, said IDC senior VP and chief analyst Frank Gens in a statement.

"Together, these technologies are merging into the industry's third major platform for long-term growth," Gens noted. "As during the mainframe and PC eras, the new platform promises to radically expand the users and uses of information technology, leading to a wide and entirely new variety of intelligent industry solutions"

Spending for public cloud services is growing upwards of four times the rate of the overall global IT market combined, according to IDC. As such, IDC anticipates one of every $7 spent on packaged software, servers and storage by 2010 will be connected to public cloud computing, IDC said.

Among some other figures highlighted by IDC:

  • Public cloud services will account for 46 percent of new growth in IT spending across five product areas -- applications, application development and deployment, systems infrastructure software, storage and servers -- by 2015.

  • Approximately three-quarters of all spending on public cloud services will be spent on software-oriented offerings, while spending on servers and storage will largely come from Software as a Services (SaaS) providers.

  • Nearly 50 percent of public IT cloud services revenues will come from the United States in 2015.

Posted by Jeffrey Schwartz on 06/22/2011 at 1:14 PM


Featured

  • Microsoft Previews Microsoft Teams for Linux

    Microsoft on Tuesday announced a "limited preview" release of Microsoft Teams for certain Linux desktop operating systems.

  • Hyper-V Architecture: Some Clarifications

    Brien answers two thought-provoking reader questions. First, do Hyper-V VMs have direct hardware access? And second, how is it possible to monitor VM resource consumption from the host operating system?

  • Old Stone Wall Graphic

    Microsoft Addressing 36 Vulnerabilities in December Security Patch Release

    Microsoft on Tuesday delivered its December bundle of security patches, which affect Windows, Internet Explorer, Office, Skype for Business, SQL Server and Visual Studio.

  • Microsoft Nudging Out Classic SharePoint Blogs

    So-called "classic" blogs used by SharePoint Online subscribers are on their way toward "retirement," according to Dec. 4 Microsoft Message Center post.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.