21% growth for public market this year, Gartner predicts

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Gartner predicts a 21.4% growth of the public cloud market, leading to a total $186.4 billion by the end of the year. While the largest investment is in software as a service (SaaS) at the moment, the analysis predicts a much higher revenue for Infrastructure as a Service (IaaS) in the next three years. The high concentration on the IaaS market is expected to grow, with the top 10 players accounting for 70% of the market by 2021.

 

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