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. “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. Nag. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. 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. 6. Last year – in 2018, the market size was valued at $272 billion. 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 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). Cloud infrastructure spending surpassed $80 billion in 2018. 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. 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. To learn more about how we help decision makers fuel the future of business, visit gartner.com. ©2020 Gartner, Inc. and/or its affiliates. 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). All rights reserved. As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. 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. 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. 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. “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Cloud Puting Market Ed To Reach 411b By 2020. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… The SaaS market is reaching a higher revenue size than … meghan.rimol@gartner.com. Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. 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). 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 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. 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 … 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. All rights reserved. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. On February 13, 2020 By Balmoon. 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). 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. 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.”. 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. 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. Okta, Inc. the lead Irrespective of the cost-saving benefits and efficiencies, enterprises limit themselves to the chosen vendors for specific protocols and tools. 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. Whoa! Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 — making it the fastest growing major IT market. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, … “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. 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 … Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. The global cloud computing market is expected to reach $623.3 billion by 2023. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. (Source: Canalys) Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see 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). BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service 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. AWS has expanded well beyond cloud compute and storage. 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. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. “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. katie.costello@gartner.com, Meghan Rimol The cloud computing race in 2019 will have a definite multi-cloud spin. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. 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. Cloud infrastructure spending surpassed $80 billion in 2018. Gartner is the world’s leading research and advisory company. 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 . It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. 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. 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. We use cookies to deliver the best possible experience on our website. 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%. 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