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Investment in public cloud infrastructure and services will increase by $160 billion in 2018, reveals IDC reports. This is almost 23.2 percent more than the investments in 2017. However, the annual spending on public cloud infrastructure has slowed down since 2016 and is being expected to maintain the pace until 2021. It has also been contrarily predicted that the annual spending would also achieve a compound annual growth rate (CAGR) of 21.9 percent and expense on public cloud increasing up to $227 billion by 2021.