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It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Irrespective of the cost-saving benefits and efficiencies, enterprises limit themselves to the chosen vendors for specific protocols and tools. Noticeably absent from Gartner’s latest cloud IaaS market share list: IBM and Oracle. About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. Cloud Security Market Size Gartner. 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.. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. To learn more, visit our Privacy Policy. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Last year – in 2018, the market size was valued at $272 billion. Nag. 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. The global cloud computing market is expected to reach $623.3 billion by 2023. Cloud infrastructure spending surpassed $80 billion in 2018. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at 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 … . Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). “Organizations need cloud-related services to get onboarded onto public clouds and to transform their operations as they adopt public cloud services,” said Mr. In … The global cloud computing market is expected to reach $623.3 billion by 2023. 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. By continuing to use this site, or closing this box, you consent to our use of cookies. 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 … “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. As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. More than $1.3T in IT … Cloud infrastructure spending surpassed $80 billion in 2018. To learn more about how we help decision makers fuel the future of business, visit gartner.com. 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 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. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. What we see now is only the beginning, though. 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. On February 13, 2020 By Balmoon. Follow news and updates from these events on Twitter using #GartnerIO. Nag. 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. Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. 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). Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. The SaaS market is reaching a higher revenue size than … We use cookies to deliver the best possible experience on our website. 6. We use cookies to deliver the best possible experience on our website. Cloud Security Market Size Gartner. Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, … Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. “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. In 2020, market forces are pushing the SaaS industry to record highs. Okta, Inc. the lead 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. 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 equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Nag. The global edge computing market size was valued at USD 3.5 billion in 2019, registering a CAGR exceeding 37% from 2020 to 2027. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. Additionally, Oracle is a Leader in … 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. meghan.rimol@gartner.com. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. 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. The second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. By continuing to use this site, or closing this box, you consent to our use of cookies. 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 “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Table 1. 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 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). “The expectations of the outcomes associated with cloud investments therefore are also higher. “Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. 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. 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