The Public Cloud Market is growing at an increasing fast pace
According to Gartner, at the end of 2016, the public cloud marked had a total value of $208 Billion, and the Infrastructure as a Service segment alone is expected to grow, reaching $36.6b in 2017. According to a study from Intuit, 78% of U.S. small businesses will have fully adopted cloud computing by 2020, more than doubling the current 37% as of 2015, while an IDG Survey run for enterprises showed that $10M is to be spent by enterprises on Cloud Computing in 2017.
Increased revenue for Public Cloud Providers
Companies such as Amazon and Microsoft estimate growing their revenue due to the expansion of cloud computing: Amazon has already seen a YoY growth of 68% in 2016, and estimates a further increase in 2017, while Microsoft is expecting to generate at least 30% of its revenue from cloud based software services.
Public Cloud, adopted at a global level
A big announcement in the Banking sector came on March 20, when Societe General announced that it is looking to leverage cloud to lower its costs, being one of the first major banks to adopt public cloud. The company wants to become the largest European bank to adopt cloud computing for a large part of its operations, and has already signed an agreement with Microsoft and Amazon. The company has been running tests for over a year to check for security and reliability, and has a goal to have 80 percent of its infrastructure and data on internal and external cloud systems.
Unigma has put together these and other interesting public cloud statistics in the below infographic: Cloud Adoption – Facts and Figures.