Gartner: Worldwide Public Cloud Services Market to Total $131 Billion

Posted on Mar 1 2013 - 12:00pm by Editorial Staff

Cloud Computing

According to Gartner’s latest findings, the public cloud market is expected to count on a total of $131 billion in 2013 from $111 billion in 2012, will grow by over 18 percent worldwide in 2013. The firm also believes that about $310 billion from 2013 to 2016 will also be spent on cloud advertising alone from the total of $677 billion.

“The continued growth of the cloud services market will result from the adoption of cloud services for production systems and workloads, in addition to the development and testing scenarios that have led as the most prominent use case for public cloud services to date,” said Ed Anderson, research director at Gartner. “Evidence of this growth is found in the increasing demand for cloud services from end-user organizations, met by an increased supply of cloud services from suppliers.”

Dividing on region basis, North America is the largest region to serve the cloud service market, accounting for 59 percent of all new spending on cloud services from 2013 through 2016 while the Western Europe stands on second position and will account for 24 percent of all new spending during the same time period. Although over the top it is interesting to note that the highest growth rates comes from the Emerging Asia/Pacific emerging regions, led by India and Indonesia, Greater China and Latin America, led by Argentina, Mexico and Brazil.

(Image Credit / Source: Flickr / teckybecky)

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.