Dive Brief:

• The global public cloud services market will grow 17% to $208.6 billion this year, according to Gartner. That’s up $30 billion from last year.
• Gartner predicts the highest growth will come from Infrastructure as a Service (IaaS), which the analyst firm projects with grow almost 43% this year.
• Software as a Service, the oldest cloud segment, will grow about half that much — about 21%, according to Gartner.

Dive Insight:

The market is booming and it doesn't look like it will suffer any major dips in the near future. Though the numbers are huge, they research firm says could be much bigger.

"There's no question there is great appetite within organizations to use cloud services, but there are still challenges for organizations as they make the move to the cloud," said Sid Nag, research director at Gartner in a announcement. "Even with the high rate of predicted growth, a large number of organizations still have no current plans to use cloud services."

Some of the biggest drivers of public cloud adoption include IT modernization, cost savings, innovation and agility, while the biggest impediments were security and privacy concerns. More businesses are also projected to use multiple public cloud providers in the near future to serve different needs.