Public Cloud Services Revenue Surged Past $500 Billion Last Year

The public cloud services market jumped in value by nearly 23pc last year, reaching $545.8bn in global revenue. SiliconRepublic: A new report by the International Data Corporation (IDC) claims that all sections in this market saw growth last year, with Software-as-a-Service (SaaS) applications retaining the top spot and representing more than 45pc of total revenue last year.

The report found that revenue for foundational cloud services "that support digital-first strategies" grew by nearly of 29pc. The IDC said this increased growth highlights an increasing reliance of enterprises on cloud platforms built around "widely deployed compute services, data/AI services and app framework services." Dave McCarthy, vice president in IDC's worldwide infrastructure practice, said cloud providers are making "significant investments" in high-performance infrastructure, which can help create the "foundation for new AI software that can be quickly deployed at scale." This verdict was shared by Rick Villars, group VP of ICD worldwide research, who said the use of AI is starting to "dominate the long-term investment agendas of businesses and cloud providers."

The cloud is a trap

[MpVpRb]

It's the "roach motel" of tech
They lure you in with good deals and lofty promises, then once you are addicted, you discover that you can't escape as they raise prices and reduce service

Re:

[r0nc0]

From what perspective exactly? I'm sure you are correct but not in all cases. For example it's cost-prohibitive on many levels to setup a private data center for AI- projects and turning to cloud providers is not without its downsides but I'm not sure it would be possible for many otherwise. What would you propose as an alternative? At the same time consider applications like web optimization where you need data centers at strategic locations to minimize latency when routing traffic through experimental web

Re: The cloud is a trap

[simlox]

I work with datastorage in the cloud (Azure) and machine learning. Doing stuff in the cloud is very expensive. Cloud is good for collecting stuff from IoT devices, serving frontends, but for storing and analysing huge amounts of data cost is too high. Our conclusion: If you already have a skilled IT department, running on-prem, provisioning servers,taking backup etc stick to that. If you are a small startup, on the other hand, cloud is the fastest way to the market - and then go for AWS, Azure is a hype for

public?

[drinkypoo]

When we talk about public services we mean government-owned. These are private services, as they are owned by private entities and you must pay to access them. They are literally the opposite of public.

Percent

[manu0601]

The public cloud services market jumped in value by nearly 23pc

Come one, have you lost your keyboard's % key?

Stop lionizing profit

[denelson83]

And stop lionizing capitalism. This kind of article is adding insult to injury for the 99.999% percent.