IDC Report

Public Cloud spending to reach $266 billion in 2021 with the US expected to be the largest market – IDC report

Public Cloud spending is forecasted to reach $266 billion in 2021 worldwide, according to a recent update to the IDC Worldwide Semiannual Public Cloud Services Spending Guide. Out of it, $163 billion will be accounted for by the United States alone. The spending will be slow between 2016-2021, and is expected to achieve a CAGR of 21.0%, per the report. Amongst the regions, the United States will stand as the largest market for public cloud services, closely followed by Western Europe and APEJ (Asia/Pacific except Japan) regions with $52 billion and $25 billion respective spending levels in 2021. Angela Vacca, SRM, Customer Insights and Analysis, said, “In Western Europe, the public cloud market is going to more than double in the 2016-2021 timeframe led by strong spending growth in G...

Skip to toolbar