Global Public Cloud Market is Projected to Reach 750 Billion in 2015

Date: 2015-09-09

The global public cloud market is projected to reach $750 billion in 2015. That means there’s a pretty good sized market for the cloud, and specifically cloud storage.

As one of the major transformative forces, the public cloud is demonstrating its effect in IT supply, composition, consumption and other fields, meanwhile, it provides basis for solutions in big data, social media and mobile.

Public cloud or Cloud computing is a model for enabling ubiquitous network access to a shared pool of configurable computing resources. In which a service provider makes resources, such as applications and storage, available to the general public over the Internet. Public cloud services may be free or offered on a pay-per-usage model.

Currently, the public cloud market is projected to reach $75 billion in 2015 worldwide, the top 5 vertical industries account to 50% of the total spend for the market. The top 5 verticals are discrete manufacturing, banking, professional services, processing, and retail.

The major opportunities of the verticals are from development of intelligent industries solutions, which build on a new platform that includes cloud computing, big data and analysis, mobile and social media.

However, there are two main concerns from like financial institutions and governments for adopting cloud service are security and regulation, in addition, loss of control over IT assets and huge system are also impediments for development of the public cloud. Beyond the former concerns, there is confusion that how to chose a cloud service from a lot of vendors.

Below is a list of top 5 global cloud providers, based on pros, cons, strengths and weaknesses.




Amazon Web

Market leader, long-term, low-cost


Google Cloud

Powerful &
Simple & Large Storage



Free 24/7 call
and chat support on top of 99.95% availability guarantees


IBM SmartCloud

Various services



Second most
widely-used cloud storage service
, supporting a
broad range of features


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