ERP News

Cloud market remains SaaS-centric, but PaaS growing rapidly

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Dive Brief:

  • The global market for public cloud services increased by 28.6% year-over-year during the first half of 2017, according to an IDC report. Revenues grew to $63.2 billion compared to $49.1 billion in the first half of 2016.
  • The SaaS segment of cloud services accounts for 68.7% of the market share, yet the market has the slowest growth compared to PaaS and IaaS. PaaS, which only accounts for 13.6% of the cloud market share, grew 50.2% year-over-year. By comparison, the SaaS market only grew 22.9% year-over-year.
  • The IaaS segment held 17.8% of the market share during the first half of the year and had a 38.1% year-over-year growth. AWS is currently the leader in IaaS, according to the report.

Dive Insight:

Traditional, non-cloud infrastructure spending is expected decline by 4.6% in 2017 as the cloud takes centre stage. By 2021, spending in the public cloud services market is set to reach $266 billion. The U.S. is expected to account for 60% of that spending, or $163 billion.

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Article Credit: CIO DIVE

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