The public cloud services market in Australia will hit $4.15 billion this year, Gartner has forecast.
The figure represents almost 24 per cent year-on-year growth compared to 2014, according to the latest figures from the analyst firm.
In 2016, the Australian public cloud services market is forecast to be worth $4.74 billion.
The growth in the Australian public cloud services market will outstrip the other countries in what Gartner describes as the 'mature' Asia/Pacific and Japan region (Australia, Japan, New Zealand, Singapore and South Korea).
Overall the mature APJ region is set for growth of 14.2 per cent this year, to US$7.4 billion, compared to $6.5 billion for last year, according to Forecast: Public Cloud Services, Worldwide, 2012-2018, 4Q14 Update.
Gartner predicts that in 2018, total public cloud services spending in the mature APJ nations will rise to US $11.5 billion.
The fastest growing segment of the market is cloud management and security services, according to the analyst firm, which this year is predicted to grow 29.9 per cent to US$264.5
"Many countries in the mature Asia/Pacific Japan region have solid reliable telecommunications infrastructure and relatively advanced technology usage profiles," said Gartner research vice-president Ed Anderson
"Despite challenges in the global economy, we expect consistent and stable growth to continue through to 2018."
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