The cloud computing market continues to grow at a robust pace, according to a new report from Synergy Research Group. Across six key cloud services and infrastructure market segments operator and vendor revenues for the four quarters ending September 2016 reached $148 billion, up 25% on an annualized basis.

Infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) offerings had the highest growth rate (53%), followed by hosted private cloud infrastructure services (35%) and enterprise software-as-a-service (SaaS), at 34%.

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