U.S. Public IT Cloud Services Revenue Projected to Reach $43.2 Billion in 2016,

IDG Research
IDC Press Release

Forecast segmented by five functional technology categories and six vertical sectors

FRAMINGHAM, Mass. – International Data Corporation (IDC) today announced the availability of a new report,U.S. Public IT Cloud Service by Industry Sector (Doc #237520), that forecasts revenue from 2011-2016 of U.S. public IT cloud services. According to the report, U.S. public IT cloud services revenue will experience a compound annual growth rate (CAGR) of 18.5% over the forecast period, from $18.5 billion in 2011 to $43.2 billion in 2016. The new report focuses specifically on the public cloud services that are shared among unrelated enterprises and consumers, open to a largely unrestricted universe of potential users, and designed for a market, not a single enterprise. The forecast is segmented by five functional technology categories and by six vertical sectors.

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