Public Cloud Computing Skyrockets

Grazed from MidsizeInsider. Author: Marissa Tejada.

Public cloud computing is gaining steam, according to a new study by IDC. Midsize firms today are more seriously considering public clouds on account of their proven economy and speed. As vendors take a closer look at security concerns, growing firms will certainly contribute to greater growth in the public cloud market.

Public Boom

According to IDC’s latest look at the public cloud market, services will add up to $47.4 billion this year and will more than double within the next five years to more than $107 billion. It is a significant increase, says the IT research firm, because the public cloud market’s compound annual growth rate (CAGR) adds up to more than 23 percent. That is five times faster than the growth rate of the IT industry as a whole…

The findings, which were detailed in an article in InfoTech Spotlight, pointed to the growth of the third platform that is run by cloud services and that includes big data, social media and mobile technologies. IDC analysts observe that cloud computing is becoming more of a core for "business-as-a-service," which is valuable to IT pros at any level…

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