Last week IDC announced availability of our new forecast for public IT Cloud services spending. The new forecast replaces last October’s forecast. In this post, I’ll share some highlights of the new forecast, which extends to 2014.
[The full report - including key assumptions and forecast data for all six years, segmented by five functional categories within eight regions/countries - is available to subscribers on idc.com.]
Scorching Growth and Shifting Category Spend
In total, spending on public IT cloud services (excludes private cloud spending) will grow from $16.5 billion in 2009 – a modest, recession-driven haircut from last year’s forecast – to over $55 billion in 2014. This is scorching fast growth of 27% per year.
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