Worldwide Public Cloud Market Reaches $208.6 Billion in 2016

Cloud computing application demand is growing, but challenges remain. According to the latest market study by Gartner, the worldwide public cloud computing market is projected to grow 17.2 percent in 2016 to reach $208.6 billion — that’s up from $178 billion in 2015.

Source: Digital Lifescapes

Business Leaders Drive the Shift to Public Cloud in Europe

Cloud computing adoption is a global phenomena. Line of Business (LoB) leaders are at the forefront. Worldwide revenue from public cloud services will reach over $195 billion in 2020, more than doubling the current market size, according to the latest market study by International Data Corporation (IDC).

Source: Digital Lifescapes

Cloud Infrastructure Services Reached $9.5 Billion in 2Q16

Worldwide cloud infrastructure services expenditure grew 52.3% year on year in the second quarter of 2016 (2Q16), reflecting the ongoing adoption by businesses and expanding use of consumer services, such as social media, gaming and video streaming.

Source: Canalys

The Shift to Cloud Computing Creates a Disruptive Transition

More than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud during the next five years, according to the latest worldwide study by Gartner. This transition will make cloud computing one of the most disruptive forces of IT spending across the globe.

Source: Digital Lifescapes

Meta-Cloud: a Coexistence of Distinct Service Providers

CIOs have recognized that they must plan for a world where many cloud platforms coexist together, supporting the diverse needs of user groups within their midst. To some informed cloud service buyers, the notion of a one-size-fits-all public cloud offering now seems absurd.

Source: Digital Lifescapes

Cloud IaaS Service Revenue will Reach $43.6 Billion by 2020

Many CIOs now consider public cloud infrastructure as a service (IaaS) as a viable alternative to their on-premises IT infrastructure. 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.

Source: Digital Lifescapes

Cloud Computing Value-Added Services Gaining Momentum

To compensate for the maturity and competitive pressures within the IaaS market, telecom carriers are expanding their product portfolios in Other Cloud segments — including unified communications, security and business management solutions.

Source: Digital Lifescapes

Cloud Infrastructure Spend to Reach $38 Billion in 2016

Several related trends are accelerating the move to cloud computing. The dramatic shift of data center expenditure from enterprise on-premise IT applications to cloud service provider deployments is continuing in 2016, as the use of these services gain new momentum across the globe.

Source: Digital Lifescapes

Hybrid Cloud Market will Grow by 22.5% from 2016 to 2021

The hybrid cloud market will reach $91.74 billion by 2021, at a CAGR of 22.5% from 2016 to 2021. Standards for interoperability between cloud services and existing systems, avoiding vendor lock-in, and digital service applications are contributing towards the significant growth.

Source: PRNewswire

Why the Hosted Private Cloud Market is Still Expanding

Even the largest enterprises with stringent governance policies are likely to adopt private cloud solutions as the first step to transitioning from traditional to truly Hybrid IT environments, driving the total market opportunity to an estimated $44 billion by 2020.

Source: TBR