Home / News

Cloud Computing Growing Faster Than Expected, Reached $260 Billion in 2017

The global public cloud services market revenue is expetec to grow by 18.5 percent in 2017 reaching $260.2 billion, up from $219.6 billion in 2016, according to the latest report from Gartner, Inc. From the report: “Final data for 2016 shows that software as a service (SaaS) revenue was far greater in 2016 than expected, reaching $48.2 billion. SaaS is also growing faster in 2017 than previously forecast, leading to a significant uplift in the entire public cloud revenue forecast. ... SaaS revenue is expected to grow 21 percent in 2017 to reach $58.6 billion… The acceleration in SaaS adoption can be explained by providers delivering nearly all application functional extensions and add-ons as a service. ... The highest revenue growth will come from cloud system infrastructure services (infrastructure as a service, IaaS), which is projected to grow 36.6 percent in 2017 to reach $34.7 billion.”

Worldwide Public Cloud Services Revenue Forecast:
(Billions of U.S. Dollars / Source: Gartner – October 2017)

20162017201820192020
Cloud Business Process Services (BPaaS)39.642.245.849.553.6
Cloud Application Infrastructure Services (PaaS)9.011.414.217.320.8
Cloud Application Services (SaaS)48.258.671.284.899.7
Cloud Management and Security Services7.18.710.312.013.9
Cloud System Infrastructure Services (IaaS)25.434.745.858.472.4
Cloud Advertising90.3104.5118.5133.6151.1
Total Market219.6260.2305.8355.6411.4
NORDVPN DISCOUNT - CircleID x NordVPN
Get NordVPN  [74% +3 extra months, from $2.99/month]
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.

Visit Page

Filed Under

Comments

Comment Title:

  Notify me of follow-up comments

We encourage you to post comments and engage in discussions that advance this post through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can report it using the link at the end of each comment. Views expressed in the comments do not represent those of CircleID. For more information on our comment policy, see Codes of Conduct.

CircleID Newsletter The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

Related

Topics

DNS

Sponsored byDNIB.com

Brand Protection

Sponsored byCSC

Cybersecurity

Sponsored byVerisign

IPv4 Markets

Sponsored byIPv4.Global

Domain Names

Sponsored byVerisign

Threat Intelligence

Sponsored byWhoisXML API

New TLDs

Sponsored byRadix