Aussie public cloud services set to hit $4.6B this year

Spending on public cloud services in Australia is expected to grow by 18.5 per cent year-on-year in 2018, reaching A$4.6 billion, according to the latest figures by industry analyst firm, Gartner.

The bulk of the Australian public cloud services spending this year is expected to be on software-as-a-service (SaaS), which is also the fastest growing segment at 24.4 per cent in 2018.

The Australian public cloud services spending growth forecasted by Gartner is markedly below the 21.4 per cent global figure forecasted by the analyst firm, with the worldwide public cloud services market spend set to hit US$186.4 billion this year.

Globally, the fastest-growing segment of the market is cloud system infrastructure services — infrastructure-as-a-service (IaaS) – which is forecast to grow 35.9 per cent in 2018 to reach US$40.8 billion, according to Gartner.

Software-as-a-service (SaaS), meanwhile, remains the largest segment of the cloud market – both globally and in Australia – with worldwide revenue from the segment expected to grow by 22.2 per cent to reach US$73.6 billion in 2018.