Public Cloud Infrastructure as a Service Rapidly Gaining Acceptance Among Enterprises

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Public Cloud Infrastructure as a Service Rapidly Gaining Acceptance Among Enterprises

By CircleID Reporter
July 14, 2016, 6:32 pm PDT Views: 6,264 Add Comment

Public cloud infrastructure as a service (IaaS) offerings are rapidly gaining acceptance among enterprises as a viable alternative to on-premises hardware for IT infrastructure, according to a new IDC study: “A recent survey of over 6,000 IT organizations found that nearly two thirds of the respondents are either already using or planning to use public cloud IaaS by the end of 2016. International Data Corporation (IDC) forecasts public cloud IaaS revenues to more than triple, from $12.6 billion in 2015 to $43.6 billion in 2020, with a compound annual growth rate (CAGR) of 28.2% over the five-year forecast period.”

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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