Worldwide public cloud services market to grow 18% in 2017 to $246.8B, up from $209.2B in 2016.
Infrastructure-as-a-Service (IaaS) is projected to grow 36.8% in 2017 and reach $34.6B.
Software-as-a-Service (SaaS) is expected to increase 20.1%, reaching $46.3B in 2017.
Total spending on IT infrastructure products (server, enterprise storage, and Ethernet switches) for deployment in cloud environments will increase 15.3% year over year in 2017 to $41.7B.
Platform-as-a-Service (PaaS) adoption is predicted to be the fastest-growing sector of cloud platforms, growing from 32% in 2017 to 56% adoption in 2020.