Apps will drive public cloud spending to double-digit growth

The U.S. accounted for 68% of the public cloud market in 2013, IDC says
By Chris Kanaracus July 7, 2014
 
IDG News Service - Global spending on public cloud services reached $45.7 billion last year and will experience a 23 percent compound annual growth rate through 2018, according to analyst firm IDC.
Some 86 percent of the 2013 total came from cloud software, which encompasses both SaaS (software as a service) applications and PaaS (platform as a service) offerings, with the remaining 14 percent generated by cloud infrastructure, IDC said Monday.
ERM (enterprise resource management) application software accounted for $10.8 billion in public cloud revenue last year, followed by CRM (customer relationship management) products with $8.1 billion, according to IDC. Server and collaboration software came next with about $4 billion and $3.4 billion, respectively, with the remainder of the total spread over security and other markets, IDC said.
 
Salesforce.com and ADP are the two largest SaaS vendors, followed by Intuit, Oracle and Microsoft, according to IDC's survey. That conclusion is in contrast with Oracle's recent claim to have become the industry's second-largest SaaS company.
 
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