According to IDC global "whole cloud" revenues will reach $554 billion in 2021-- more than double those of 2016, the result of the revolution brought about by the cloud delivery and consumption model over the past decade.
The term "whole cloud" covers not only public, private and hybrid clouds, but also managed cloud services, cloud-related professional services, and hardware and software infrastructure for building clouds.
"The most obvious takeaway from this forecast is that the shift to the cloud consumption model-- in all its forms-- is a mass movement, and will continue to be such over the forecast period," the analyst says. "Equally important, though, is the steady drumbeat of tech innovation that is coming from the major public cloud suppliers, making it virtually impossible for enterprises and developers seeking advantage through IT not to embrace the public cloud."
Read more...