How digital transformation is advancing hybrid multi-cloud
Cloud Computing | February 05, 2018
If you're a CTO or CIO that has escalated your organization's move to the cloud, then clearly you're not alone. Worldwide spending on public cloud services and infrastructure is forecast to reach $160 billion in 2018 -- that's an increase of 23.2 percent over 2017, according to the latest market study by International Data Corporation (IDC). Although annual spending growth is expected to slow somewhat over the 2016-2021 forecast period, the market is forecast to achieve a five-year compound annual growth rate (CAGR) of 21.9 percent with public cloud services spending totaling $277 billion in 2021.