AWS has expanded well beyond cloud compute and storage. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Cloud Security Market Size Gartner. Note: Totals may not add up due to rounding. Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. Worldwide IT spending is projected to total $3.8 trillion in 2021, an increase of 4% from 2020, according to the latest forecast by Gartner, Inc. 6. Adoption of next-generation solutions are almost always ‘cloud-enhanced’ solutions, meaning they build on the strengths of a cloud platform to deliver digital business capabilities.”. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Irrespective of the cost-saving benefits and efficiencies, enterprises limit themselves to the chosen vendors for specific protocols and tools. “Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. The global cloud computing market is expected to reach $623.3 billion by 2023. “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. We use cookies to deliver the best possible experience on our website. “The cloud managed service landscape is becoming increasingly sophisticated and competitive. The worldwide public cloud services market is forecast to grow 17% in 2020 to total $266.4 billion, up from $227.8 billion in 2019, according to Gartner, Inc. “At this point, cloud adoption is mainstream,” said Sid Nag, research vice president at Gartner. Since then, the company has launched many updates wit… Follow news and updates from these events on Twitter using #GartnerIO. katie.costello@gartner.com, Meghan Rimol Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, … Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). The fastest-growing market segment will be cloud system infrastructure services, or infrastructure as a service (IaaS), which is forecast to grow 27.5 percent in 2019 to reach $38.9 billion, up from $30.5 billion in 2018 (see Table 1). Okta, Inc. the lead Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. The fastest-growing market segment will be cloud system infrastructure services, or infrastructure as a service (IaaS), which is forecast to grow 27.5 percent in 2019 to reach $38.9 billion, up from $30.5 billion in 2018 (see Table 1). Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. IaaS is forecast to grow 24% year over year, which is the highest growth rate across all market segments. Major vendors in the cloud computing market include AWS (US), Microsoft (US), Google (US), Alibaba (China), SAP (Germany), IBM (US), Oracle (US), VMware (US), Rackspace (US), Salesforce (US), Adobe (US), Verizon (US), CenturyLink (US), Fujitsu (Japan), and NTT Communications (Japan). We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. “The onset of the Covid-19 pandemic was the starting point of the Cloud 2.0 era,” said Sid Nag, research vice president at Gartner. Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place here through Thursday. “As cloud continues to become mainstream within most organizations, technology product managers for cloud related service offerings will need to focus on delivering solutions that combine experience and execution with hyperscale providers’ offerings,” said Mr. The SaaS market is reaching a higher revenue size than … AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, Alibaba Cloud close behind at 6%, and other clouds with 37%. ©2020 Gartner, Inc. and/or its affiliates. Last year – in 2018, the market size was valued at $272 billion. Last year – in 2018, the market size was valued at $272 billion. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. In fact, by 2022, up to 60% of organizations will use an external service provider’s cloud managed service offering, which is double the percentage of organizations from 2018,” said Mr. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Nag. Gartner expects that by the end of 2019, more than 30 percent of technology providers’ new software investments will shift from cloud-first to cloud-only. Gartner meghan.rimol@gartner.com. In 2020, the public cloud services market is expected to reach around 257.5 billion U.S. dollars in size and by 2022 market revenue is forecast to exceed 362.3 billion U.S. dollars. Gartner analysts will provide additional analysis on cloud strategies and infrastructure and operations trends at the Gartner IT Infrastructure, Operations & Cloud Strategies events taking place November 25-26 in London and December 9-12 in Las Vegas. We use cookies to deliver the best possible experience on our website. “At Gartner, we know of no vendor or service provider today whose business model offerings and revenue growth are not influenced by the increasing adoption of cloud-first strategies in organizations. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. Software as a service (SaaS) will remain the largest market segment, which is forecast to grow to $116 billion next year due to the scalability of subscription-based software (see Table 1). Follow news and updates from these events on Twitter using #GartnerIO. To learn more, visit our Privacy Policy. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 — making it the fastest growing major IT market. The SaaS market is reaching a higher revenue size than … In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. Nag. The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). Other cloud services, notably Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), will grow faster, as these initially immature technologies have reached the Plateau of Productivity. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Additionally, Oracle is a Leader in … Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. Other cloud services, notably Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), will grow faster, as these initially immature technologies have reached the Plateau of Productivity. Cloud Puting Market Ed To Reach 411b By 2020. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. Within the worldwide public cloud services market, Desktop-as-a-Service (DaaS) is expected to have the most significant growth in 2020, increasing 95.4% to $1.2 billion. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. To learn more, visit our Privacy Policy. Public cloud services market in Australia is poised to grow 87 per cent over the next three years reaching $10.3 billion by 2022. Gartner analysts will provide additional analysis on cloud strategies and infrastructure and operations trends at the Gartner IT Infrastructure, Operations & Cloud Strategies events taking place April 23-25 in Tokyo, April 24-25 in Sao Paulo, April 29-30 in Sydney, May 6-7 in Mumbai, June 4-5 in Frankfurt, June 25-26 in Mexico City, and November 25-26 in London. We are a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries — across all major functions, in every industry and enterprise size. According to Gartner’s forecast, infrastructure-as-a-service (IaaS) solutions, like cloud storage, will be the fastest-growing segment of the market with 24% predicted growth. By continuing to use this site, or closing this box, you consent to our use of cookies. What we see now is only the beginning, though. Gartner 5. Noticeably absent from Gartner’s latest cloud IaaS market share list: IBM and Oracle. “Organizations need cloud-related services to get onboarded onto public clouds and to transform their operations as they adopt public cloud services,” said Mr. Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. As numerous migration services are offered by the CSPs, many SMEs and large enterprises are adopting these services to migrate their on-premises workload to cloud. COVID-19 impact on Hybrid Cloud Industry. Note: Totals may not add up due to rounding. Of the 12 companies evaluated, Oracle was recognized highest for ability to execute and completeness of vision for Oracle Fusion Cloud Enterprise Performance Management (EPM). Reset Your Business Strategy Amid COVID-19, cloud application infrastructure services. The global cloud POS market size is expected to grow at a CAGR of 22.7% during the forecast period, to reach USD 3.73 billion by 2023 from USD 1.34 billion in 2018. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… Nag. ©2020 Gartner, Inc. and/or its affiliates. Currently almost 19 percent of cloud budgets are spent on cloud-related services, such as cloud consulting, implementation, migration and managed services, and Gartner expects that this rate will increase to 28 percent by 2022. Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, reaching a compound annual growth rate (CAGR) of 12.6%. 6. Whoa! More than $1.3T in IT … Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Amazon Web Services (AWS) still dominates the public cloud IaaS market, but rivals like Microsoft Azure, Alibaba, Google Cloud Platform and Rackspace at least have a slice of the market, according to a Gartner research statement in September 2017 covering the 2016 and 2015 IaaS markets.. The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion, up from $182.4 billion in 2018, according to Gartner, Inc. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. To learn more about how we help decision makers fuel the future of business, visit gartner.com. 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