Global spending on public IT cloud services will...
Global spending on public IT cloud services will hit $47.4 billion this year and will likely hit more than $107 billion in 2017, said a report from International Data Corp. (IDC). The compound annual growth rate over the five-year period…
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will be 23.5 percent, “five times that of the IT industry as a whole,” IDC said in a release (http://bit.ly/1dMgXY2). In a statement, IDC Chief Analyst Frank Gens attributed the growth to a shift in motivations for adopting cloud services. “Over the next several years, the primary driver for cloud adoption will shift from economics to innovation as leading-edge companies invest in cloud services as the foundation for new competitive offerings,” he said.