Private cloud revenue will overtake public cloud revenue by 2019 for service providers

Ahead of the OpenStack Summit in Barcelona, 451 Research has published its latest findings about OpenStack. In the most rigorous analysis of its kind, 451 Research’s Market Monitor service expects revenue from OpenStack business models to exceed $5bn by 2020 and grow at a 35% CAGR.

To date, OpenStack-based revenue has been overwhelmingly from service providers offering multi-tenant IaaS, but the latest research indicates that private cloud revenue will exceed public cloud by 2019. Moreover, while OpenStack’s growth rate is high, overall revenue is still relatively small compared with market leaders such as VMware and AWS.

Did you miss your flight to Las Vegas for this year's Hosting + Cloud Transformation Summit? Have no fear! We've partnered with BrightTALK to bring event sessions to folks back in the office via a livestream. 

Register for the sessions here, and be sure to follow along on social using #451HCTS!

Aneesh Chopra, former CTO of the US, to discuss growth for entrepreneurs and innovators

451 Research will tackle the topic of business disruption in the age of cloud at the 12^th annual Hosting + Cloud Transformation Summit (HCTS), Las Vegas, September 19-21. The premier forum for executives in hosting, cloud computing, datacenter and Internet infrastructure, 451 Research will host 500 senior-level IT executives, decision makers, vendors and investors at this year’s event.

451 Research is excited to announce that Aneesh Chopra will be our guest speaker at this year’s Hosting + Cloud Transformation Summit. During his tenure as the first-ever chief technology officer for the United States, Aneesh was a vital asset to the President. He designed the National Wireless Initiative, helped launch Startup America, and executed an "open innovation" strategy focused on better public-private collaboration.

Chopra is the cofounder and executive vice president of Hunch Analytics, a “hatchery” incubating ideas that improve the productivity of health and education markets, including NavHealth, an open data intelligence service. He serves as a member of the council on Virginia’s Future, and in 2015, served as the inaugural Walter Shorenstein Media and Democracy Fellow at Harvard’s Kennedy School of Government. In 2011, Chopra was named to Modern Healthcare's list of the “100 Most Influential People in Healthcare” and in 2008, to Government Technology magazine's “Top 25” in their Doers, Dreamers, and Drivers issue. He is a senior advisor to The Advisory Board Company, a health-care consultancy, and to Albright Stonebridge Group, a premier strategic advisory and commercial diplomacy firm.

What: Hosting + Cloud Transformation Summit

Where: Bellagio Resort & Hotel, Las Vegas

When: September 19-21, 2016

451 Research Analysts and Industry Experts to Tackle Business Disruption in the Age of Cloud at the upcoming Hosting + Cloud Transformation Summit

At HCTS, join over 500 corporate leaders, industry visionaries, IT practitioners, and financial professionals as they learn, network and map out strategies for today's rapidly changing IT landscape.