29th June, 2018 1 Min read
Book a Demo
2017 was a ‘pivotal’ year in expanding public cloud service adoption according to IDC – with spending growth remaining at a constant level despite the overall market tripling in size.
Reduce your AWS costs by over 50%
Discover your Cloud Saving Potential – Answer just 5 simple questions. AppsFlyer, Playtika, Lufthansa, IBM, top leading companies are already using our FinOps services.
The figures, which come from the analyst firm’s latest Worldwide Semiannual Public Cloud Services Tracker, show that while the overall growth rate for 2017 was a little smaller than the previous year, revenue growth of the top 16 providers by market share went up. The top tier vendors now capture more than half (50.7%) of the overall market.
Software as a service (SaaS) remains the largest bucket by some distance at $74.8 billion (£56.5bn) globally, with IDC predicting the SaaS market will hit $163bn by 2022 – well ahead of overall 2017 figures of $116.7bn. Infrastructure as a service (IaaS) spending last year was at $24.9bn, while platform as a service (PaaS) was at $17bn.
PaaS remained the fastest growing of the three markets, showing a 47.1% year on year increase, compared with IaaS (39.9%) and SaaS (22.4%). Both PaaS and IaaS however saw slightly slower growth when compared to the previous year’s figures, of 48% and 45% respectively.
Read more: Cloud Computing News
As we navigate through the evolving landscape of IT infrastructure, a closer look at the cost trends for 2024 reveals significant shifts. From cloud expenses feeling the pressure of economic changes. With global cloud spending expected to hit over $1 trillion and various sectors facing unique challenges, staying informed is more crucial than ever. Dive […]
EX.CO is a video technology platform that enables publishers to monetize video content on websites.
Justt is a chargeback mitigation startup based in Tel Aviv. Chargebacks, as defined, are demands by a credit card provider for a retailer to reimburse losses on fraudulent or disputed transactions. Justt’s objective is to assist merchants worldwide in combating false chargebacks using its proprietary artificial intelligence technology.
The cloud used to be viewed as a place of significant cost savings: rather than purchasing and maintaining dozens of server stacks, organizations could outsource this and purchase compute power on an as-needed basis. In the ensuing rush to cloud architecture, however, many companies simply lifted-and-shifted their old financial bad habits. The sheer speed of […]
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.