Public Cloud services market to grow 17 per cent: Gartner

Image
IANS New Delhi
Last Updated : Sep 15 2016 | 3:32 PM IST

The worldwide public Cloud services market is expected to grow 17.2 per cent to total $208.6 billion this year -- up from $178 billion in 2015, market research firm Gartner said on Thursday.

The highest growth will come from Cloud system infrastructure services which is projected to grow 42.8 per cent this year, the report said.

"Growth of public Cloud is supported by the fact that organisations are saving 14 per cent of their budgets as an outcome of public Cloud adoption," Sid Nag, Research Director, Gartner, said in a statement.

Cloud application services is also expected to grow 21.7 per cent to reach $38.9 billion this year.

IT modernisation is currently the top driver of public Cloud adoption, followed by cost savings, innovation, agility and other benefits, the report added.

--IANS

anuj/gb/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 15 2016 | 3:20 PM IST

Next Story