Worldwide public cloud services revenue reached $45.7 billion in 2013 and will grow at a compound annual growth rate of 23 percent through 2018, according to the newly released “Worldwide Semiannual Public Cloud Services Tracker” from International Data Corp.

Two product groups comprise the total public cloud services market in IDC's research: cloud software and cloud infrastructure. Cloud software spending represented almost 86 percent of the total public cloud services market in 2013 while cloud infrastructure accounted for the remaining 14 percent.

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