IDC: Public Cloud IaaS Revenues to Triple, by 2020

This week, the International Data Corporation (IDC) published the news that everyone’s been waiting for. IDC reports that public cloud IaaS revenues are projected to more than triple, from $12.6 billion in 2015, to $43.6 billion in 2020. A recent survey of over 6,000 IT organizations found that nearly two thirds of the respondents are either already using, or planning to adopt public cloud IaaS by the end of 2016.

What does this mean for your business? Depending on where you are between the infrastructure and cloud, you may need to up your cloud game.

“Public cloud services are increasingly being seen as an enabler of business agility and speed,” said Deepak Mohan, research director, Public Cloud Storage and Infrastructure at IDC. “This is bringing about a shift in IT infrastructure spending, with implications for the incumbent leaders in enterprise infrastructure technologies. Growth of public cloud IaaS has also created new service opportunities around adoption and usage of public cloud resources. With changes at the infrastructure, architectural, and operational layers, public cloud IaaS is slowly transforming the enterprise IT value chain.”

IDC experts announced that the IaaS market grew 51% in 2015 alone, and projects that this rate of growth will continue straight through 2017. One interesting twist, is that with all of this growth will arrive a period of exploration, growth and optimization among IaaS developers and solution providers. IDC anticipated a drop in growth after 2017 due to this romantic era, of sorts, in the space.

The report had plenty to say about the state of hybrid infrastructures as well, citing that 80% of IT organizations will be committed to hybrid cloud architectures by 2018.

“For many enterprises, a hybrid infrastructure mixing existing IT infrastructure with cloud infrastructure represents the optimal path to public cloud IaaS adoption. In fact, hybrid cloud infrastructure is already a common pattern at several large enterprises.”

Find out whose dominating the IaaS market, what public cloud will mean for 2017, and other important projections by visiting the report.