Worldwide and Regional Public IT Cloud Services Forecast, 2016-2020
This IDC study shows a public cloud services market that is rapidly expanding and steadily evolving, positioning as the foundation for the next generation of digital business and consumer services. The rising tide of digital transformation (DX) business initiatives as CEO-level priorities is driving a rapid rise in 3rd Platform IT spending to support those DX initiatives. Virtually none of the other 3rd Platform technologies — including big data and analytics, mobile, social, Internet of Things (IoT), and cognitive/AI technologies — or major DX business initiatives are possible, in scaled-up implementations, without the cloud as the foundation. According to IDC Chief Analyst Frank Gens, "Customers are shifting to a 'cloud first' strategy for updating/replacing traditional systems and to 'cloud only' when developing their next-generation competitive advantage systems and services. Consequently, IT industry leadership ranks for the next decade will very likely be determined in the next 24 months, based on which suppliers provide the richest and the most easily consumable cloud services."
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