Worldwide spending on public IT cloud services will reach $47.4 billion this year and is expected to be more than $107 billion in 2017, according to a new forecast from International Data Corporation (IDC).
Over the 2013 to 2017 period, public IT cloud services will have a compound annual growth rate of 24 percent, five times that of the IT industry as a whole, according to the research firm’s report, “Worldwide and Regional Public IT Cloud Services, 2013-2017 Forecast.”
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