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. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. “The expectations of the outcomes associated with cloud investments therefore are also higher. 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. 5. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. Public cloud services market in Australia is poised to grow 87 per cent over the next three years reaching $10.3 billion by 2022. 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. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… More than $1.3T in IT … 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 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. Note: Totals may not add up due to rounding. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … 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. Cloud Security Market Size Gartner. COVID-19 impact on Hybrid Cloud Industry. 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 … As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. (Source: Canalys) Cloud Security Market Size Gartner. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. 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. 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 “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. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Gartner is the world’s leading research and advisory company. We use cookies to deliver the best possible experience on our website. The second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. The global cloud computing market is expected to reach $623.3 billion by 2023. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. 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. By continuing to use this site, or closing this box, you consent to our use of cookies. Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 — making it the fastest growing major IT market. “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. 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. 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. To learn more about how we help decision makers fuel the future of business, visit gartner.com. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Irrespective of the cost-saving benefits and efficiencies, enterprises limit themselves to the chosen vendors for specific protocols and tools. The SaaS market is reaching a higher revenue size than … 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 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. 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. Okta, Inc. the lead “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. . About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. 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). Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We use cookies to deliver the best possible experience on our website. Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place here through Thursday. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. 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. 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. It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. All rights reserved. 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.”. 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. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. 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). 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). Nag. Cloud infrastructure spending surpassed $80 billion in 2018. 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. Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. 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. Follow news and updates from these events on Twitter using #GartnerIO. 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. 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. 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. Cloud infrastructure spending surpassed $80 billion in 2018. AWS has expanded well beyond cloud compute and storage. Additionally, Oracle is a Leader in … 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. 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. IaaS is forecast to grow 24% year over year, which is the highest growth rate across all market segments. 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). Since then, the company has launched many updates wit… The SaaS market is reaching a higher revenue size than … 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. 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. 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