Gartner Forecasts Worldwide Public Cloud Revenue to Grow 21.4% In 2018
Hyperscale cloud providers to increase market dominance.
The worldwide public cloud services market is projected to grow 21.4% in 2018 to total $186.4 billion, up from $153.5 billion in 2017, according to Gartner, Inc.
The fastest-growing segment of the market is cloud system infrastructure services (infrastructure as a service or IaaS), which is forecast to grow 35.9% in 2018 to reach $40.8 billion (see Table 1).