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2016 Review Shows $148 billion Cloud Market Growing at 25% Annually

Marketwired Wednesday, 4 January 2017
RENO, NV--(Marketwired - Jan 4, 2017) - New data from Synergy Research Group shows that across six key cloud services and infrastructure market segments, operator and vendor revenues for the four quarters ending September 2016 reached $148 billion, having grown by 25% on an annualized basis. IaaS & PaaS services had the highest growth rate at 53%, followed by hosted private cloud infrastructure services at 35% and enterprise SaaS at 34%. 2016 was notable as the year in which spend on cloud services overtook spend on cloud infrastructure hardware and software. In aggregate cloud service markets are now growing three times more quickly than cloud infrastructure hardware and software. Companies that featured the most prominently among the 2016 market segment leaders were Amazon/AWS, Microsoft, HPE, Cisco, IBM, Salesforce and Dell EMC.
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