Public Cloud Services Expected to top $200 Billion by Year-End


📅 - Public cloud services are estimated to end up around $208.6 billion by the end of 2016. This estimate would put the services up 17.2% compared to last year, which ended up at $178 billion. The causes for the growth are the benefits for innovation and the cost savings public cloud services provide for companies.

Along with the growth of the public cloud services, IaaS is expected to be up 42.8% and SaaS is expected to be up 21.7%. It's also projected that private cloud and hosted private cloud service will continue to increase through 2017. All of this is according to Gartner.

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