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Public cloud services market predicted to increase with 17% in 2016

Sep, 15, 2023 Hi-network.com
According toGartner, the global public cloud computing services market is projected to increase with 17.2% in 2016, reaching a value of$208.6 billion, compared to$178 billion in 2015. The highest increase is expected to come from the cloud system infrastructure services, projected to grow 42.8% this year. Gartner notes that organisations are saving 14% of their budgets as a result of using public cloud services, and this explains the market growth. While organisations increasingly recognise the benefits of cloud computing (cost savings, innovation, etc.), they also have concerns when it comes to adopting such technologies. Security and privacy seem to remain the main such concerns.

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