Public, Private Cloud Markets Set to Soar as Enterprise Adoption Grows
Grazed from eWeek. Author: Darryl K. Taft.
With enterprises continuing to adopt cloud computing, analysts see continued growth in both public and private cloud investment—with worldwide spending on public IT cloud services set to exceed $40 billion in 2012 and reach nearly $100 billion by 2016, according to IDC.
The research firm forecasts that from 2012 to 2016, public IT cloud services will see gains at a compound annual growth rate (CAGR) of 26.4 percent—five times that of the IT industry overall, as companies accelerate their shift to the cloud services model for IT consumption…



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