IDC – Public IT cloud services worldwide spending

Worldwide spending on public IT cloud services will be more than 40 billion USD in 2012 and is expected to approach 100 billion USD in 2016.

Over 2012-2016 forecast period, public IT cloud services will enjoy a compound annual growth rate of 26,4%, five times that of the IT industry overall, as companies accelerate their shift to the cloud services model for IT consumption.