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Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. Oracle has been named a Leader in Gartners 2020 Magic Quadrant for Cloud Financial Planning and Analysis Solutions [1] for the fourth consecutive year. What we see now is only the beginning, though. Cloud Security Market Size Gartner. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. More than $1.3T in IT About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. Googles 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 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. Last year in 2018, the market size was valued at $272 billion. We are a trusted advisor and an objective resource for more than14,000 enterprises in more than 100 countries across all major functions, in every industry and enterprise size. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). 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. By continuing to use this site, or closing this box, you consent to our use of cookies. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). Cloud infrastructure spending surpassed $80 billion in 2018. Its projected 33% growth this year is a function of its small initial market size and organizations preference for cloud-based cybersecurity solutions. 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. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Additionally, Oracle is a Leader in Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. Gartner 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. This complementary approach will drive both transformation and optimization of an organizations infrastructure and operations.. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. Last year in 2018, the market size was valued at $272 billion. Read more The cloud computing race in 2019 will have a definite multi-cloud spin. 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 second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. Googles 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. (Source: Canalys) Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service 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. Nag. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. 2020Gartner, Inc. and/or its affiliates. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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. We use cookies to deliver the best possible experience on our website. 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). In 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. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.. 2020Gartner, Inc. and/or its affiliates. The expectations of the outcomes associated with cloud investments therefore are also higher. Nag. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. According to Gartners forecast, infrastructure-as-a-service (IaaS) solutions, like cloud storage, will be the fastest-growing segment of the market with 24% predicted growth. IaaS is forecast to grow 24% year over year, which is the highest growth rate across all market segments. Gartner is the worlds leading research and advisory company. Follow news and updates from these events on Twitter using #GartnerIO. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. 5. 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. Cloud infrastructure spending surpassed $80 billion in 2018. AWS has expanded well beyond cloud compute and storage. In 2020, market forces are pushing the SaaS industry to record highs. HANOI, Vietnam--(BUSINESS WIRE)--Dec 14, 2020--Vietnams leading ICT firm, FPT Software, has recently been listed in Gartners 2020 Market Guide for 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. 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. 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 global cloud computing market is expected to reach $623.3 billion by 2023. Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. All rights reserved. (Source: Canalys) Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. 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. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. Follow news and updates from these events on Twitter using #GartnerIO. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. Nag. Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. Okta, Inc. the lead On February 13, 2020 By Balmoon. Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 making it the fastest growing major IT market. 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. 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. Note: Totals may not add up due to rounding. Cloud Puting Market Ed To Reach 411b By 2020. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). Googles 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. 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.. Since then, the company has launched many updates wit 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. 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). 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