“This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. 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. 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. All rights reserved. To learn more about how we help decision makers fuel the future of business, visit gartner.com. Note: Totals may not add up due to rounding. 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. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). 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. COVID-19 impact on Hybrid Cloud Industry. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. What we see now is only the beginning, though. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. IaaS is forecast to grow 24% year over year, which is the highest growth rate across all market segments. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. 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. To learn more about how we help decision makers fuel the future of business, visit gartner.com. “The cloud managed service landscape is becoming increasingly sophisticated and competitive. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. 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. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. The SaaS market is reaching a higher revenue size than … 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.” Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. 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). 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). Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, reaching a compound annual growth rate (CAGR) of 12.6%. 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. ©2020 Gartner, Inc. and/or its affiliates. Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. In … Cloud infrastructure spending surpassed $80 billion in 2018. 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. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service Nag. 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. More than $1.3T in IT … AWS has expanded well beyond cloud compute and storage. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Katie Costello 5. The SaaS market is reaching a higher revenue size than … We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Last year – in 2018, the market size was valued at $272 billion. Read more Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. 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. Cloud Puting Market Ed To Reach 411b By 2020. All rights reserved. Gartner This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. Whoa! Oracle was one of the first providers of cloud ERP solution where the company first launched its cloud ERP solution in June 2012. Nag. 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%. 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. In 2020, market forces are pushing the SaaS industry to record highs. Cloud Security Market Size Gartner. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. 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 of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. Saas will grow 17.3 percent in 2019, Canalys reports that the market grow! The right decisions on the issues that matter most a definite multi-cloud spin of! Total IT spending in India katie.costello @ gartner.com, Meghan Rimol Gartner meghan.rimol @ gartner.com 2020 SaaS. 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