Public cloud services spending climbs to $2.4b: Gartner
- 19 September, 2012 10:28
Australia has emerged as a public cloud investment leader with spending predicted to hit $2.4 billion by the end of 2012, according to new Gartner research.
The report entitled Forecast Overview: Public Cloud Services, Worldwide, 2011-2016, found that spending in Australia was up 18.8 per cent on 2011.
Australian cloud services spending is also predicted to have a compound annual growth rate (CAGR) of 16.9 per cent from 2011 to 2016.
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Turning to other countries, North America is slated to experience the biggest rise in cloud services, with 61 per cent growth from 2010 through to 2016. Western Europe was expected to experience 17 per cent growth over the same time period.
According to Gartner US research director, Ed Anderson, the total global public cloud services market was worth US$91.4 billion in 2011 with a massive rise to $US206.6 billion predicted by 2016. “Business process services currently represent the largest segment of the global public cloud services market, accounting for approximately 77 per cent of the total market,” he said in a statement.
In addition, infrastructure as a service (IaaS) is the fastest-growing segment of the public cloud services market with a predicted 45.4 per cent market share by the end of 2012.
"When targeting specific markets within the cloud services marketplace, we recommend evaluating both potential market size and growth rates. These will vary by segment, sub segment, region and country,” Anderson said.
In July this year, Gartner predicted that global IT spending would increase 3 per cent to US$3.6 trillion (A$3.5 trillion) in 2012, according to Gartner.
Spending on public cloud would record strong growth, increasing from US$91 billion (A$89 billion) in 2011 to a predicted US$109 billion (A$107 billion) in 2012. Gartner also expects IT spending on cloud to almost double from 2012 spending to US$207 billion (A$203 billion) by 2016.
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