Public cloud services market will reach $246.8 billion in 2017

The global public cloud services market is expected to grow 18 percent this year, according to Gartner’s latest report. Totaling $246.8 billion (up from $209.2bn last year), the growth will mostly come from IaaS, which is expected to grow 36.8 percent and reach $34.6 billion. The growth will also be fueled by SaaS (20.1 percent increase, to $46.3 billion). "The overall global public cloud market is entering a period of stabilization, with its growth rate peaking at 18 percent in 2017 and then tapering off over the next few years," says Sid Nag, research director at Gartner. "While some organizations… [Continue Reading]