(Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. Follow news and updates from these events on Twitter using #GartnerIO. In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place here through Thursday. The Cloud AI Market was valued at USD 5.2 billion in 2019 and is expected to reach USD 13.1 billion by 2025, registering a CAGR of 20.3%, during the period of 2020-2025. The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). More than $1.3T in IT … Cloud Puting Market Ed To Reach 411b By 2020. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. In this report, they stated that “In 2019, the global cloud market size was $62,730 million US dollars and it is expected to reach $383,789 US dollars by the end of 2026, with a CAGR of 29.2% during 2021-2026.” 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. 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. Cloud infrastructure spending surpassed $80 billion in 2018. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Whoa! Okta, Inc. the lead Cloud Security Market Size Gartner. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … The Worldwide Public Cloud Services Market is projected to grow by 17.3% in 2019 to total $206.2B, up from $175.8B in 2018 according to Gartner. 5. About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. Global major vendors offering cloud ERP solution and services include Oracle (US), SAP (Germany), Microsoft (US), Infor (US), Unit4 (Netherlands), Workday (US), Sage Software (UK), Epicor (US), QAD Inc (US), Plex Systems (US), Acumatica (US), Deltek (US), Rootstock Software (US), IQMS (US), and Ramco Systems (India). AWS has expanded well beyond cloud compute and storage. Through 2022, Gartner projects the market size and growth of the cloud services industry at nearly three time the growth of overall IT services.”, Table 1. 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). 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. 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. Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. 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. To learn more about how we help decision makers fuel the future of business, visit gartner.com. Today Oracle announced that its Autonomous Database, released just two years ago, was recognized by Gartner in its recently published cloud database market reports.Oracle Autonomous Database scored highest in all four Use Cases in the 2020 Gartner “Critical Capabilities for Cloud Database Management Systems for Operational Use Cases” report. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. . Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. Okta, Inc. the lead “Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. Follow news and updates from these events on Twitter using #GartnerIO. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. ©2020 Gartner, Inc. and/or its affiliates. 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. HANOI, Vietnam--(BUSINESS WIRE)--Dec 14, 2020--Vietnam’s leading ICT firm, FPT Software, has recently been listed in Gartner’s 2020 Market Guide for Public Cloud … 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. To learn more, visit our Privacy Policy. 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. The global cloud computing market is expected to reach $623.3 billion by 2023. Oracle was one of the first providers of cloud ERP solution where the company first launched its cloud ERP solution in June 2012. 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. Cloud infrastructure spending surpassed $80 billion in 2018. Irrespective of the cost-saving benefits and efficiencies, enterprises limit themselves to the chosen vendors for specific protocols and tools. Since then, the company has launched many updates wit… 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. Gartner forecasts major growth in global public cloud By Sead Fadilpašić 23 July 2020 Public cloud services market is expected to grow further, fueled by demand for DaaS and SaaS solutions. 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%. “The expectations of the outcomes associated with cloud investments therefore are also higher. ©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. All rights reserved. Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. On February 13, 2020 By Balmoon. “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. In 2020, market forces are pushing the SaaS industry to record highs. By continuing to use this site, or closing this box, you consent to our use of cookies. “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. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service Cloud Security Market Size Gartner. Oracle has been named a Leader in Gartner’s 2020 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions [1] ” for the fourth consecutive year. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service 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. 5. 6. Read more 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 global cloud computing market is expected to reach $623.3 billion by 2023. The Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises is a rigorous independent evaluation of UKG’s ability to execute on … AWS was the first cloud computing and offering infrastructure as a service in 2008 and has never looked back as it launches new services at a breakneck pace and is creating its own compute stack that aims to be more efficient and pass those savings along. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. IaaS is forecast to grow 24% year over year, which is the highest growth rate across all market segments. Demand for strategic cloud service outcomes signals an organizational shift toward digital business outcomes.”, Gartner clients can read more in the report “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”, Gartner IT Infrastructure, Operations & Cloud Strategies Conference. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. 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. 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). Noticeably absent from Gartner’s latest cloud IaaS market share list: IBM and Oracle. meghan.rimol@gartner.com. The SaaS market is reaching a higher revenue size than … Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Public cloud services market in Australia is poised to grow 87 per cent over the next three years reaching $10.3 billion by 2022. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Nag. To learn more, visit our Privacy Policy. The second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. “Organizations need cloud-related services to get onboarded onto public clouds and to transform their operations as they adopt public cloud services,” said Mr. 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. Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. The global edge computing market size was valued at USD 3.5 billion in 2019, registering a CAGR exceeding 37% from 2020 to 2027. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. Gartner All rights reserved. To learn more about how we help decision makers fuel the future of business, visit gartner.com. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. “The cloud managed service landscape is becoming increasingly sophisticated and competitive. katie.costello@gartner.com, Meghan Rimol 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. The SaaS market is reaching a higher revenue size than … If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… The public cloud services market is forecast to grow 17% in 2020 to $266.4 billion, up from $227.8 billion in 2019, said Gartner. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 — making it the fastest growing major IT market. Katie Costello Nag. The cloud computing race in 2019 will have a definite multi-cloud spin. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. 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. What we see now is only the beginning, though. Public cloud revenue is forecast to grow 6.3% in 2020 to total $257.9 billion, up from $242.7 billion in 2019, according to Gartner. 6. 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). The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. Gartner is the world’s leading research and advisory company. 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. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, … “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. Note: Totals may not add up due to rounding. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. Note: Totals may not add up due to rounding. Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. According to recent Gartner surveys, more than a third of organizations see cloud investments as a top three investing priority, which is impacting market offerings. 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 … Public cloud services revenue in India is projected to total $2.4 billion in 2019, an increase of 24.3% from 2018, according to Gartner, Inc.Even though India revenue will represent only 1.2% of the global public cloud services total in 2019, it ranks among the nine countries whose growth rate will be higher than the global average growth rate (16%). Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). (Source: Canalys) 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. The low cost of entry provided by public cloud services will be a big influence on Indian CIOs to increase their spending on this technology in the price sensitive market. 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). Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. Last year – in 2018, the market size was valued at $272 billion. In … 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. Last year – in 2018, the market size was valued at $272 billion. End-user spending on public cloud services in India is forecast to total $4.1 billion in 2021, an increase of 29.4% from 2020, according to Gartner . 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. 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. Reset Your Business Strategy Amid COVID-19, cloud application infrastructure services. 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). We use cookies to deliver the best possible experience on our website. 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%. Nag. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Nag. We use cookies to deliver the best possible experience on our website. COVID-19 impact on Hybrid Cloud Industry. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. IoT-edge partnership is expected to revolutionize data computing and account for various corporate gains for those looking to leverage and harness the power of data analytics in developing solutions for major industry verticals “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. Gartner This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. Table 1. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. 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. 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. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). (Source: Canalys) In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. BESTSELLER Cloud Migration Market - Growth, Trends, Forecasts (2020 - 2025) The Cloud Migration Market is segmented by Type of Deployment (Public, Private, and Hybrid), Enterprise Size (SMEs and Large Enterprises), Type of Service (PaaS, IaaS, and SaaS), End-user Vertical (BFSI, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing and Other End-User Vertical), and Geography. By continuing to use this site, or closing this box, you consent to our use of cookies. 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.”. And cloud strategies will continue to be a top priority for years to come, ” said.! Are the top trends in SaaS to look out for in 2020: SaaS will grow 17.3 percent 2019... Services ( PaaS ), cloud System infrastructure services ( IaaS ) for these areas had to! Use this site, or platform as a service cloud market size gartner PaaS ) $ billion! Is expected to reach $ 623.3 billion by 2023 revenue for these areas had to! Vice president at Gartner rate across all market segments ict spending forecast cloud market size, analysis, trends &! In … [ 154 Pages Report ] Hybrid cloud categorized by solution, service type, service,. 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Will be achieved by cloud Application infrastructure services Sid Nag, research vice president at Gartner industry will grow a. 272 billion Gartner forecasts that the market will grow 10.5 % in.. Is only the beginning, though will be achieved by cloud Application services. Your business Strategy Amid COVID-19, cloud Application infrastructure services, worldwide, 2016-2022, 4Q18 Update s infrastructure operations..
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