Gartner Says Worldwide Public Cloud Services Market to Total $131 Billion
IaaS continues as fastest-growing market segment.
The public cloud services market is forecast to grow 18.5% in 2013 to total $131 billion worldwide, up from $111 billion in 2012, according to Gartner, Inc. Infrastructure as a service (IaaS), including cloud compute, storage, and print services, continued as the fastest-growing segment of the market, growing 42.4% in 2012 to $6.1 billion and expected to grow 47.3% in 2013 to $9 billion.
Cloud advertising continues to be the largest segment of the cloud services market, comprising 48 % of the total market in 2012. Gartner predicts that from 2013 through 2016, $677 billion will be spent on cloud services worldwide, $310 billion of which will be spent on cloud advertising.