Cloud Hosting

According to a 2015 report by Gartner, the market for global public cloud services is expected to reach USD 204 billion in the year 2016. It estimated the size of the industry in 2015 at USD 175 billion and predicted growth of more than 16% for the coming year. Infrastructure as a Service (IaaS) was forecasted to register the highest growth in 2016, followed by Software as a Service (SaaS), Cloud management and Security services and Platform as a Service (PaaS) respectively. IaaS cloud hosting services were expected to register a growth of 38.4% in 2016 followed by cloud management and security services at 24.7%, PaaS at 21.1% and SaaS at 20.3%.

Interestingly in 2015, the geography that registered highest growth in cloud services was not in the western hemisphere. Sales grew highest in Japan at 47.1% year over year, followed by Asia/Pacific (excluding Japan) at 35.3%, Western Europe at 22.1%, Canada at 22.0% and the United States at 20.1%.

The above statistics clearly reveal that an increasing number of organizations will move from an on-premise IT infrastructure model to cloud hosting in the coming years. Since the advent of the cloud, technology evangelists had predicted a decline of on-premise IT infrastructure model and rapid adoption of the cloud by businesses. While sceptics were doubtful, the growth registered by the industry in the past few years clearly demonstrate that organizations will continue to adopt cloud hosting as a key element in their business strategy to reduce operational costs. The industry is poised for rapid growth in the coming years. For cloud hosting service providers, the wait is finally over. The market has matured and they can look forward to impressive growth in the coming years.

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