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The public cloud services market segment, as estimated by Gartner, is expected to grow at a CAGR of 17.7 percent over the next few years. Within the public cloud market, cloud system infrastructure services (IaaS) is expected to be the main driver of growth in the market. Cloud application services (SAAS), the segment in which the company I am going to review today is operating, is expected to achieve a growth rate of 19.5 percent over the next few years.

North America is expected to remain by far the largest market in terms of cloud spending, while western Europe is expected to be the second-largest market. North America is expected to put forth a total of...

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