CIOs expect cloud consumption (private/public/hybrid) to rise from 31% consumption in 2014 to 58% in 2018. Public cloud adoption in predicted to attain the fastest growth rate, rising from 8% of consumption in 2014 to 19% in 2018.

SaaS deployments are expected to increase from 33% of applications deployments today to 56% of deployments over the next five SaaS subscription spend is expected to be 15% greater than prior application software maintenance spend.

Source: forbes.com
Author: Louis Columbus