U.S. Public IT Cloud Services Revenue Projected to Reach $43.2 Billion in 2016, According to IDC
FRAMINGHAM, Mass., November 8, 2012 – International Data Corporation (IDC) today announced the availability of a new report, U.S. Public IT Cloud Service by Industry Sector (Doc #237520), that forecasts revenue from 2011-2016 of U.S. public IT cloud services. According to the report, U.S. public IT cloud services revenue will experience a compound annual growth rate (CAGR) of 18.5% over the forecast period, from $18.5 billion in 2011 to $43.2 billion in 2016. The new report focuses specifically on the public cloud services that are shared among unrelated enterprises and consumers, open to a largely unrestricted universe of potential users, and designed for a market, not a single enterprise. The forecast is segmented by five functional technology categories and by six vertical sectors.
"According to our research, the three verticals that accounted for more than 50% of the spending in 2011 are discrete manufacturing, professional services, and process manufacturing. This is not surprising as these industries are typically less risk averse and compliance focused," said Eileen Smith, program manager in IDC's Global Technology and Industry Research Organization. "Communications and media, education, and construction were found to be the fastest growing verticals. We expect the media portion of the communications and media vertical to continue to be one of the main users of storage on demand to enable continuous service for content-heavy customer offerings."
Additional key findings from the report include:
Services and distribution, the largest sector, accounted for 30.3% of total revenue in 2011. Professional services alone accounted for nearly 40% of the entire category in 2011.
Manufacturing and resources, the second-largest vertical sector, accounted for 24.0% of total public IT cloud services in 2011. Discrete manufacturing alone accounted for 46.7% of the entire category in 2011.
Infrastructure, the fastest-growing sector with a 19.6% five-year CAGR, accounted for 12.3% of spending in 2011 and will account for 12.9% of spending by 2016.
The five functional primary market cloud services segments specifically forecasted in this pivot table are:
Applications as a service
System infrastructure software as a service (SaaS)
Platform as a service (PaaS)
Server as a service
Basic storage as a service
The six vertical sectors specifically forecasted in the pivot table are:
Financial services (banking, insurance, and securities and investment services)
Manufacturing and resources (process and discrete manufacturing, construction, and natural resources)
Services and distribution (retail, wholesale, professional services, consumer and recreational services, and transportation)
Infrastructure services (communications and media, and utilities)
Public sector (government, education and healthcare)
Home business and consumer
For additional information about this research, or to arrange a one-on-one briefing with Eileen Smith, please contact Sarah Murray at 781-378-2674 or [email protected] To request information on custom data cuts or subscription services, contact [email protected]
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For more than 48 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. For more information, please visit www.idc.com, email [email protected], or call 508-872-8200.