Gartner: Public cloud market to reach $246bn in 2017 with IaaS and SaaS at forefront

First IDC made its forecast on the public cloud, and now Gartner has done likewise, predicting that public cloud services market will grow 18% in 2017 to total $246.8 billion (£198.1bn).

IDC’, by comparison, said global spending on public cloud services and infrastructure would reach $122.5bn by the end of this year with seven out of eight primary geographic regions to record CAGRs of more than 20% in the next five years.

Outside of ‘cloud advertising’ – “cloud-based services that support the selection, transaction and delivery of advertising and ad-related data”, according to the analysts – the largest market in 2017 will be software as a service (SaaS), in line with IDC’s predictions. SaaS will overtake BPaaS, cloud business process services this year, while infrastructure as a service (IaaS) will grow to $34bn this year.

By 2020, SaaS will be at $75.7bn, IaaS at $71.5bn, and PaaS at $56.1bn, comprising a total market of $383.3bn, Gartner adds. Growth in the infrastructure compute service space will be enhanced by artificial intelligence (AI), analytics and the Internet of Things (IoT), while the growth of PaaS will also drive the growth of IaaS.

Again, as IDC mentioned, North America is the primary market; more than half of application

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