Cloud Computing Forecast
- Public cloud market overall will grow 18.5 percent, to $131 billion, in 2017 from $111 billion in 2012.
- By 2018, IDC forecasts that public cloud spending will more than double to $147.5 billion.
- Global SaaS software revenues are forecasted to reach $106B in 2017, increasing 21% over projected 2016 spending levels.
- Enterprise cloud subscription revenues are forecast to reach $67B by 2018, attaining a CAGR of 17.3% in the forecast period.
By 2018, 59% of the total cloud workloads will be Software-as-a-Service (SaaS) workloads, up from 41% in 2013
$78.43B in SaaS revenue will be generated in 2015, increasing to $132.57 in 2020, attaining a compound annual growth rate (CAGR) of 9.14%
42% of IT decision makers are planning to increase spending on cloud computing in 2015.
Spending on cloud computing infrastructure and platforms is expected to grow at a 30% CAGR from 2013 through 2018 compared with 5% growth for the overall enterprise IT
Security (36%), cloud computing (31%) and mobile devices (28%) are the top 3 initiatives IT executives are planning to have their organizations focus on over the next 12 months
By 2016 over 80% of enterprises globally will use IaaS, with investments in private cloud computing showing the greater growth.
The SaaS Supply Chain Management (SCM) market is predicted to a $4.4B market by 2018, attaining a 19% CAGR from 2014 to 2018