Home Resources Blog Public Cloud Market Continues to Soar With 2017 ‘Pivotal’ Year, Says IDC

Public Cloud Market Continues to Soar With 2017 ‘Pivotal’ Year, Says IDC

Admin Globaldots
29.06.2018
image 1 Min read

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.

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.

Image Source

Read more: Cloud Computing News

Learn More

What is FinOps? The Complete Guide
Cloud Cost Optimization
Nesh (Steven Puddephatt), Senior Solutions Engineer @ GlobalDots 31.05.23

While cloud-computing supports immense innovation – providing limitless resources in the pursuit of greater output and agility – public cloud end-user spending is projected to reach a staggering $600 billion this year. Hyperscale cloud vendors remain driving forces behind this growth, having proven their salt as highly strategic launchpads for digital transformation. The competition for […]

Read more
Cloud Cost Optimization: A Strategic Approach to Business Expansion
Cloud Cost Optimization
Francesco Altomare, Southern Europe Regional Manager @ GlobalDots 18.05.23

FinOps is a strategic framework designed to manage and optimize cloud costs effectively. It’s a transformative approach that brings financial accountability to the forefront of the variable spend model of cloud computing. This model allows businesses to gain a firm grip on their cloud expenses, ensuring that every dollar spent is accounted for and utilized […]

Read more
AWS Data Transfer Cost Optimization: Everything You Need to Know
Cloud Cost Optimization
Nesh (Steven Puddephatt), Senior Solutions Engineer @ GlobalDots 17.05.23

While AWS services provide a wealth of mission-critical services – storing over 2.2 trillion objects in S3 – many organizations are left floundering in the solution’s complex pricing structures. Spanning transfer types and geographies, data transfer costs can be hugely unpredictable and rapidly get out of hand.  Below, we leverage decades of industry experience to […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Book a Demo