IDC Sees US Public IT Cloud Services To Top $43 Billion by 2016

Revenue for US public IT cloud services will grow from $18.5 billion in 2011 to $43.2 billion in 2016, according to a report by International Data Corporation (IDC).  The report focuses on the public cloud services that are shared among unrelated enterprises and consumers and that are designed for a market, rather than just one enterprise.

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cloud_survey_01_01Revenue for US public IT cloud services will grow from $18.5 billion in 2011 to $43.2 billion in 2016, according to a report by International Data Corporation (IDC).  The report focuses on the public cloud services that are shared among unrelated enterprises and consumers and that are designed for a market, rather than just one enterprise.

The report looked at all major verticals, including: financial services, manufacturing and resources, services, distribution and retail, communications and media, government, education and healthcare.

Communications and media, as well as education and construction were determined to be the fastest growing verticals. She added that the media portion of the communications and the media vertical are and continue to be the main users of storage on demand to “enable continuous service for content-heavy customer offerings.”

Other findings of the report include:

  • The largest sector, services and distribution, accounted for 30.3% of total revenue in 2011. And professional services alone accounted for nearly 40% of the entire category in 2011.
  • The second largest vertical, manufacturing and resources accounted for 24.0% of total public IT cloud services in 2011. Discrete manufacturing accounted for 46.7% of the entire category in 2011.
  • The fastest growing sector, infrastructure, accounted for 12.3% of spending in 2011 and will account for 12.9% of spending by 2016. 


The five functional primary market cloud services segments specifically forecasted in this pivot table are: applications as a service; system infrastructure software as a service; platform as a service; server as a service; and basic storage as a service, according to IDC.

“According to our research, the three verticals that accounted for more than 50% of the spending in 2011 are discrete manufacturing, professional services, and process manufacturing. This is not surprising as these industries are typically less risk averse and compliance focused,” said Eileen Smith, program manager in IDC’s Global Technology and Industry Research Organization, in a statement.




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