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New data released today from the technology analysts at Synergy Research Group contains positive news for cloud providers and the vendors that outfit their data centers.
“Across a range of cloud market segments, 2015 growth rates averaged 28 percent and annual revenues passed the $110 billion milestone,” John Dinsdale, Synergy Research Group chief analyst, told Datamation. The firm drew its conclusions from the four quarters ending Sept. 30, 2015.
“Among the segments, public IaaS/PaaS [infrastructure-as-a-service/platform as a service] saw the highest growth rates, but cloud infrastructure hardware and software still generate the most revenues at the moment,” continued Dinsdale. Combined, the public IaaS and PaaS market segments, led by Amazon and Microsoft, grew at a blistering rate of 51 percent.
Read the complete article at $110 Billion Cloud Market Growing 28% Annually: Synergy Research