Cloud Services to Reach $236 Billion, Forrester Says

Cloud Services to Reach $236 Billion, Forrester Says

According to GeekWire, public cloud services are “the biggest disruption in the tech market in the past 15 years—and adoption is accelerating….”

Cloud computing has officially gone mainstream.

Not buying into it yet? Look around…it’s everywhere, from music streaming to ride sharing apps. Cloud services are available in nearly every facet of life, both personal and professional.

As a result, more and more companies are offering cloud services, and businesses are beginning to operate efficiently in the cloud.

Based on a recent study conducted by Forrester, GeekWire explains that public cloud services are set to blow away original 2014 predictions, by growing at the impressive rate of 22% between 2015 and 2020, to reach $236 billion.

What’s causing this dramatic increase in projected revenue?

The answer is simple: companies are opting for cloud-based solutions over traditional systems and on-premises servers. There’s been a surge in demand for IaaS, PaaS, and SaaS (see our recent article about XaaS), all contributing to the remarkable increase in projected revenue over the next few years.

This demand for public cloud services, and their forecasted growth, is exciting news—especially for those IT services providers who know how to manage “the biggest disruption in the tech market”…and come out on top.

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