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Spending on cloud computing to double by 2020, says forecast

Aug, 13, 2023 Hi-network.com
The International Data Corporationforecasts that global revenues from public cloud services will reach more than$195 billion in 2020, which will be more than double compared to the$96.5 billion forecasted for 2016. Revenues from Infrastructure as a Service and Platform as a Service are expected to grow faster than revenues from Software as a Service. The industries that will lead in cloud services spending are media, telecommunications, and retail. The largest markets for cloud computing will be the USA, Western Europe and Asia/Pacific.

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