Public cloud infrastructure-as-a-service (IaaS) offerings are quickly gaining acceptance among enterprises as a viable alternative to on-premises hardware for IT infrastructure, according to a recent survey of more than 6,000 IT organizations.
Nearly two thirds of the respondents are either already using or planning to use public cloud IaaS by the end of this year, according to the survey, conducted by International Data Corp. The consulting firm forecasts public cloud IaaS revenues will more than triple, from $12.6 billion in 2015 to $43.6 billion in 2020, with a compound annual growth rate of 28 percent over the five years covered by the research.
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