Organisations worldwide are growing more confident in public cloud infrastructure. Public cloud spending maintains its steady growth, with top trusted vendors capturing more than half of the overall market.
Overall, 2017 was a pivotal year in expanding public cloud service adoption globally and increasing consumer confidence. This is according to IDC research in its latest Worldwide Semiannual Public Cloud Services Tracker, which also reported that the global public cloud services market had tripled in size due to substantial revenue growth and customer demand.
The above represents good news for organisations looking to transition their business applications to the cloud, as more companies are investing in public cloud infrastructure, or opting to complement or replace their on-premises or private cloud hosting with more affordable and flexible solutions offered by Microsoft Azure, AWS, or Google Cloud.
Furthermore, multi-cloud and hybrid cloud infrastructure boasting both public and private cloud access can offer better flexibility, performance, storage and expansion opportunities.
Major tech players have reportedly increased their focus on the cloud in 2018, with PaaS, Iaas and SaaS solutions dominating the global market, and year-on-year spending increase averaging between 22% and a staggering 47%. IDC predicts the Software as a service (SaaS) market will hit $163bn by 2022.
Another study by Synergy Research Group estimates that cloud infrastructure service revenues, including IaaS, PaaS and hosted private cloud services, have reached almost $15 billion worldwide in the first quarter of the year.
Public IaaS and PaaS services account for the bulk of the market at 56%, where the dominant players remain Amazon, Microsoft, IBM and Google.
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