Report: Enterprise Adoption Driving Strong Growth Of Public Cloud IaaS
The report, by IDC, found that nearly two thirds of the respondents are either already using or planning to use public cloud IaaS by the end of 2016.
Public cloud infrastructure as a service (IaaS) offerings are rapidly gaining acceptance among enterprises as a viable alternative to on-premises hardware for IT infrastructure. A recent survey of over 6,000 IT organizations found that nearly two thirds of the respondents are either already using or planning to use public cloud IaaS by the end of 2016. International Data Corporation (IDC) forecasts public cloud IaaS revenues to more than triple, from $12.6 billion in 2015 to $43.6 billion in 2020, with a compound annual growth rate (CAGR) of 28.2% over the five-year forecast period.
"Public cloud services are increasingly being seen as an enabler of business agility and speed," said Deepak Mohan, research director, Public Cloud Storage and Infrastructure at IDC. "This is bringing about a shift in IT infrastructure spending, with implications for the incumbent leaders in enterprise infrastructure technologies. Growth of public cloud IaaS has also created new service opportunities around adoption and usage of public cloud resources. With changes at the infrastructure, architectural, and operational layers, public cloud IaaS is slowly transforming the enterprise IT value chain."