Insights from cloud computing forecasts and market estimates

In a recently published article, Forbes gives an overview of insights from the latest series of cloud computing forecasts and market estimates. Some of these insights include:

  • The worldwide cloud computing market grew 28% to $110B in revenues in 2015.

  • Worldwide spending on public cloud services will grow at a 19.4% compound annual growth rate from nearly $70B in 2015 to more than $141B in 2019.

  • In 2016, spending on public cloud Infrastructure as a Service hardware and software is forecast to reach $38B, growing to $173B in 2026.

  • Worldwide public cloud revenue will increase from $80B in 2015 to $167B in 2020.