Global IaaS public cloud services market grew 31% in 2016

Thu, Sep 28 2017, 05:30 PM

The worldwide infrastructure as a service (IaaS) public cloud services market grew 31% to $22.2 billion in 2016, and is expected to grow the fastest over the next five years compared to the platform as a service (PaaS) and software as a service (Saas) markets, according to research firm Gartner. Amazon was the top IaaS vendor in 2016, with revenues of $9.8 billion and a market share of 44.2%, up from $6.7 billion and 39.8% respectively. Microsoft is a distant second, followed by China’s Alibaba.