Public cloud services will be the fastest growing market segment for IT deployment by 2018, according to the latest report from the International Data Corporation (IDC).
In 2016, 60 percent of enterprises spent their money on a traditional data center. However, experts suggest that within the next four years (or by 2021) this number is likely to fall to below 50 percent. Experts also suggest that the public cloud will make up for this difference.
This year alone, spending on cloud integration (specifically for storage, ethernet switches and servers) is expected to climb to $40 billion, which is an increase of 12.4 percent in the last year. The public cloud is likely to be the fastest grower (at 13.8%) and off-premises clouds and on-premises private clouds are growing by 11.9 percent and 9.6 percent respectively.
It seems that despite the common risks associated with cloud computing, businesses are adopting it anyways.
The enterprise technology industry is changing before our very eyes!