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This past year has been a stellar one for the cloud market as it continues to grow and expand – and become vitally important for businesses. Forrester Research predicts the total global public cloud market will be $178 billion in 2018, up from $146 billion in 2017, and will continue to grow at a 22% compound annual growth rate (CAGR). Public cloud platforms will remain the fastest growing segment and will generate $44 billion in sales in 2018. Gartner, however, has a much larger prediction. It says the worldwide cloud market will reach $260 billion this yearalone. So where is it all headed? Some key patterns and trends developed in 2017 and will undoubtedly continue into 2018 and beyond, which makes some forecasting reasonable predictable. So let's run down the predictions.
This past year has been a stellar one for the cloud market as it continues to grow and expand – and become vitally important for businesses. Forrester Research predicts the total global public cloud market will be $178 billion in 2018, up from $146 billion in 2017, and will continue to grow at a 22% compound annual growth rate (CAGR). Public cloud platforms will remain the fastest growing segment and will generate $44 billion in sales in 2018. Gartner, however, has a much larger prediction. It says the worldwide cloud market will reach $260 billion this yearalone. So where is it all headed? Some key patterns and trends developed in 2017 and will undoubtedly continue into 2018 and beyond, which makes some forecasting reasonable predictable. So let's run down the predictions.
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