
Worldwide revenues from public cloud services reaching more than $195 billion in 2020 -- more than double the $96.5 billion in revenues forecast for 2016, according to an updated Worldwide Semiannual Public Cloud Services Spending Guide from International Data Corporation (IDC). This represents a compound annual growth rate (CAGR) of 20.4% over the 2015-2020 forecast period. The study quantifies public cloud computing purchases by cloud type...