Big data drives 47% growth for top 50 public cloud companies
Grazed from NetworkWorld. Author: Brandon Butler.
Big data analytics are driving rapid growth for public cloud computing vendors with revenues for the top 50 public cloud providers shooting up 47% in the fourth quarter last year to $6.2 billion, according to Technology Business Review Inc. The New Hampshire-based financial and technical research firm says the broader public cloud market, beyond just the top 50 vendors, grew 25% from the fourth quarter of 2012 to the fourth quarter of 2013 to be a $15.1 billion market.
Those figures are in line with estimates from firms such as IDC, which said the cloud was a $47 billion annual industry last year and will grow to be a $107 billion annual industry by 2017. Perhaps the most surprising result in TBR’s latest figures are the extent to which public cloud providers are using big data to drive their own operations, get new customers and expand product portfolios…

