Gartner: Cloud IaaS market is a $16.5 billion

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Led by Amazon Web Services, Microsoft Azure and Google’s cloud platform, the market will grow 29% per year until 2019

Infrastructure as a cloud service (IaaS) is a fast growing market, jumped 33% in 2015 to become a $16.5 billion market estimates, according to research firm Gartner.

The market shows no signs of slowing down, with the annual growth rate of 29.1% predicted for the next four years until 2019.

Despite rapid development, cloud computing market is still very small compared to the overall worldwide IT spending, Gartner estimates that more than $3.5 trillion worldwide.

The cloud is growing fast though. For the first time this year the growth of public cloud computing IaaS workloads faster increase of the volume of work in place. One in 10 CIOs surveyed by Gartner said they have adopted a cloud strategy first, while 83% consider IaaS is an option to use.

The breadth of services offered by providers – led by Amazon Web Services, Microsoft

Azure and Google Compute Engine – means cloud ready for prime time. Any workload can be stored on an x86 server is logically consistent to fit somewhere in the cloud. “Cloud IaaS can now be used to run most of the workload, although not all vendors can run all kinds of good workload,” Lydia Leong, vice president of Gartner and distinguished analyst said.

Gartner said the common use cases for cloud IaaS include:

– Development environment and testing

– High-performance computing and batch processing

– Internet facing websites and web-based applications

– No internal enterprise applications critical

Gartner Google’s cloud platform Microsoft Azure

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