Cloud Spending Will Top $37 Billion In 2016, IDC Reports

A new forecast from IDC finds that spending on public and private cloud infrastructure will increase more than 15% this year, for a total of $37.1 billion. By 2020, IDC forecasts that spending on cloud services will nearly equal what is spent on traditional IT.

http://www.informationweek.com/cloud/infrastructure-as-a-service/cloud-spending-will-top-$37-billion-in-2016-idc-reports/d/d-id/1326193