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Cloud Computing Growing Faster Than Expected, Reached $260 Billion in 2017

The global public cloud services market revenue is expetec to grow by 18.5 percent in 2017 reaching $260.2 billion, up from $219.6 billion in 2016, according to the latest report from Gartner, Inc. From the report: "Final data for 2016 shows that software as a service (SaaS) revenue was far greater in 2016 than expected, reaching $48.2 billion. SaaS is also growing faster in 2017 than previously forecast, leading to a significant uplift in the entire public cloud revenue forecast. ... SaaS revenue is expected to grow 21 percent in 2017 to reach $58.6 billion… The acceleration in SaaS adoption can be explained by providers delivering nearly all application functional extensions and add-ons as a service. ... The highest revenue growth will come from cloud system infrastructure services (infrastructure as a service, IaaS), which is projected to grow 36.6 percent in 2017 to reach $34.7 billion."

Worldwide Public Cloud Services Revenue Forecast:
(Billions of U.S. Dollars / Source: Gartner – October 2017)

Cloud Business Process Services (BPaaS)39.642.245.849.553.6
Cloud Application Infrastructure Services (PaaS)9.011.414.217.320.8
Cloud Application Services (SaaS)48.258.671.284.899.7
Cloud Management and Security Services7.18.710.312.013.9
Cloud System Infrastructure Services (IaaS)25.434.745.858.472.4
Cloud Advertising90.3104.5118.5133.6151.1
Total Market219.6260.2305.8355.6411.4

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