The cloud is growing 7 times faster than the rest of IT
The public cloud just keeps on growing, with increases in spending on cloud services and infrastructure easily outpacing overall IT spending. And it isn’t even close.
The latest update to International Data Corporation’s Worldwide Semiannual Public Cloud Services Spending Guide projects worldwide investments in the public cloud “will reach $122.5 billion in 2017, an increase of 24.4 percent over 2016. Those are big numbers, obviously, but to put them in full perspective, IDC noted that growth rate is nearly seven times the rate of overall IT spending growth.
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