Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. Nag. meghan.rimol@gartner.com. Oracle was one of the first providers of cloud ERP solution where the company first launched its cloud ERP solution in June 2012. All rights reserved. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. “Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. Note: Totals may not add up due to rounding. 6. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. More than $1.3T in IT … Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. 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. 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. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. 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.” In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. 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. Okta, Inc. the lead Gartner is the world’s leading research and advisory company. 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. Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. Gartner By continuing to use this site, or closing this box, you consent to our use of cookies. 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. Cloud infrastructure spending surpassed $80 billion in 2018. The global cloud computing market is expected to reach $623.3 billion by 2023. 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. 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. The SaaS market is reaching a higher revenue size than … Note: Totals may not add up due to rounding. Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place here through Thursday. Nag. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. 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. Whoa! 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. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. 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. 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). Pages Report ] Hybrid cloud categorized by solution, service model, organization size, vertical &.. 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