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Cloud spending will hit $235bn in 2017

Posted by Novel Engineering on February 15, 2014

Source: Electronics Weekly

As more businesses move their information technology services to the cloud revenues are predicted to increase three-fold from 2011 to 2017, according to market-watcher IHS Technology.

Global business spending for infrastructure and services related to the cloud could be $174.2bn this year which will represent a 20% growth on 2013.

By 2017, enterprise spending on the cloud is predicted to be a mouth-watering $235.1bn.

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