Global public Cloud services market is projected to grow 18 percent in 2017 to hit $246.8 billion, up from $209.2 billion in 2016, market research firm Gartner said. The highest growth will come from Cloud system infrastructure services which is projected to grow 36.8 per cent in 2017 to reach $34.6 billion. Software-as-a-service (SaaS) is expected to grow 20.1 per cent to reach $46.3 billion. Also Read - Ola to offer free oxygen concentrators to the needyAlso Read - Samsung Galaxy S20 FE Long-term Review
“While all external sourcing decisions will not result in a virtually automatic move to the cloud, buyers are looking to the ‘Cloud first’ in their decisions, in support of time-to-value impact via speed of implementation,” said Sid Nag, Research Director at Gartner.
Through 2020, Cloud adoption strategies will influence more than 50 percent of IT outsourcing deals. SaaS will remain the second largest segment in the global Cloud services market.
“By 2019, more than 30 percent of the 100 largest vendors’ new software investments will have shifted from Cloud-first to Cloud-only,” added Nag. ALSO READ: Public Cloud market in India to reach $1.8 billion by 2017: Gartner
While China’s Cloud service market is nascent and several years behind the US and European markets, it is expected to maintain high levels of growth as digital transformation becomes more mainstream over the next five years, Gartner said.
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