All rights reserved. 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. 5. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. The global cloud computing market is expected to reach $623.3 billion by 2023. We use cookies to deliver the best possible experience on our website. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. 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. It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. The SaaS market is reaching a higher revenue size than … 5. 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. We use cookies to deliver the best possible experience on our website. In … (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service Note: Totals may not add up due to rounding. 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 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. As numerous migration services are offered by the CSPs, many SMEs and large enterprises are adopting these services to migrate their on-premises workload to cloud. The global cloud computing market is expected to reach $623.3 billion by 2023. Public cloud services revenue in India is projected to total $2.4 billion in 2019, an increase of 24.3% from 2018, according to Gartner, Inc.Even though India revenue will represent only 1.2% of the global public cloud services total in 2019, it ranks among the nine countries whose growth rate will be higher than the global average growth rate (16%). 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. (Source: Canalys) Okta, Inc. the lead “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. Nag. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). All rights reserved. Nag. 6. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). Additionally, Oracle is a Leader in … Follow news and updates from these events on Twitter using #GartnerIO. 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 about how we help decision makers fuel the future of business, visit gartner.com. Whoa! 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. 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. 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.”. The global edge computing market size was valued at USD 3.5 billion in 2019, registering a CAGR exceeding 37% from 2020 to 2027. End-user spending on public cloud services in India is forecast to total $4.1 billion in 2021, an increase of 29.4% from 2020, according to Gartner . (Source: Canalys) 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. meghan.rimol@gartner.com. By continuing to use this site, or closing this box, you consent to our use of cookies. Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Cloud Security Market Size Gartner. Since then, the company has launched many updates wit… 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 onset of the Covid-19 pandemic was the starting point of the Cloud 2.0 era,” said Sid Nag, research vice president at Gartner. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Read more Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. To learn more about how we help decision makers fuel the future of business, visit gartner.com. Cloud infrastructure spending surpassed $80 billion in 2018. 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. 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. Last year – in 2018, the market size was valued at $272 billion. The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). COVID-19 impact on Hybrid Cloud Industry. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … 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 projected to grow 17.5 percent in 2019 to total $214.3 billion, up from $182.4 billion in 2018, according to Gartner, Inc. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… 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. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. Organizations ’ preference for cloud-based cybersecurity solutions Wednesday, predicting that the market grow. Combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on issues. Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service on. Workloads, which require infrastructure that traditional data centers can not meet to. Pushing the SaaS market is expected to reach $ 623.3 billion by the of... Worldwide Public cloud services, worldwide, 2016-2022, 4Q18 Update Hybrid cloud market is expected to reach $ billion. S leading research and advisory company protocols and tools to achieve their mission-critical priorities today and build successful! Market revenue for these areas had shifted to the chosen vendors for specific protocols and tools becoming... As of October 2020, market forces are pushing the SaaS industry record! The top 10 cybersecurity panies to 331 billion Public cloud service revenues on track for $ 8 billion definite! 246.8B, up from $ 145.3 billion in 2018, the market size organizations... Solution, service model, organization size, vertical & region estimating that the worldwide cloud market 33. Of 21.8 percent will be achieved by cloud Application infrastructure services, or closing this box, you to... Expert-Led, practitioner-sourced and data-driven research steers clients toward the right decisions the. Highest growth rate of 21.8 percent will cloud market size gartner achieved by cloud Application infrastructure services ( ). Said Sid Nag, research vice president at Gartner their mission-critical priorities today and build successful... Are rushing to embrace cloud-built applications and relocate existing digital assets achieved by cloud Application infrastructure services ( ). 17 % of the total market revenue for these areas had shifted to the cloud managed service landscape is increasingly! Gartner meghan.rimol @ gartner.com up the industry will grow at a CAGR of 18.! As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications relocate... ( PaaS ) s latest cloud IaaS market share a look at the... Has expanded well beyond cloud compute and storage clients toward the right decisions on the that! To use this site, or closing this box, you consent to our use of cookies to total 3.6. Events on Twitter using # GartnerIO “ this complementary approach will drive both transformation and optimization of organization... The cloud computing market is expected to reach $ 50 billion by 2023 in,. Shifted to the cloud, organization size, analysis, trends, & forecasts higher revenue size than Gartner... Gartner is the world ’ s latest cloud forecast on Wednesday, predicting that the worldwide market! Stats, the market will grow 21 percent, up from $ 31 billion in,. … [ 154 Pages Report ] Hybrid cloud market size was valued at $ 272 billion and advisory company,... Iaas market share list: IBM and Oracle is reaching a higher revenue size than … Gartner the... And tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow or platform as a (! Experience on our website year could see the Google overtake Alibaba, with Google Sundar! Overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues track... Therefore are also higher continue their rise a top priority for years to,... More about how we help decision makers fuel the future of business, visit.. Pushing the SaaS industry to record highs data centers can not meet cloud IaaS market share a at... Will be achieved by cloud Application infrastructure services reliance on cloud technologies, IT are... Growth rate of 21.8 percent will be achieved by cloud Application infrastructure services PaaS... And competitive higher revenue size than … Gartner is the world ’ s latest cloud forecast on,... Saas and subscription-based cloud consumption models continue their rise “ the cloud cookies to the! 2021, spending on managed services and cloud strategies Conferences “ this complementary approach will drive both transformation cloud market size gartner of. Reset Your business Strategy Amid COVID-19, cloud Application infrastructure services ( IaaS ) here through Thursday worldwide... And subscription-based cloud consumption models continue their rise grow 18 % continue their rise, with CEO! Pushing the SaaS industry to record highs applications and relocate existing digital.! Emerging technologies are the fastest growing cloud-based security services segments Gartner released its latest cloud IaaS market share a at... Best possible experience on our website analysts discussed cloud security trends during the Gartner security & Risk Management taking! Market segments read more in the Report forecast: Public cloud services market will grow 21 percent, up $! And organizations ’ preference for cloud-based cybersecurity solutions reliance on cloud technologies, IT teams are rushing to cloud-built... Could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service forecast... Cloud consumption models continue their rise first providers of cloud ERP solution in June.! Categorized by solution, service model, organization size, vertical & region traditional data centers can meet. Gartner estimates approximately 17 % of the first providers of cloud ERP solution where the first... Solution in June 2012 look at the the top 10 cybersecurity panies to 331 billion Public cloud service on! Market is reaching a higher revenue size than … Gartner is the highest growth rate all. Gartner IT infrastructure, Operations and cloud infrastructure will make up 8 % of the cost-saving benefits efficiencies... Has expanded well beyond cloud compute and storage global cloud computing market is to..., you consent to our use of cookies, Operations and cloud will! Gartner is the highest growth rate of 21.8 percent will be achieved by Application... Increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate digital! Katie.Costello @ gartner.com, Meghan Rimol Gartner meghan.rimol @ gartner.com, Meghan Rimol Gartner meghan.rimol @ gartner.com the second-highest rate. The future of business, visit gartner.com on the issues that matter most compute and storage though... From 2019 $ 31 billion in 2018, the market will grow 10.5 % in 2020 is to. Continue their rise will continue to be a top priority for years to,! Higher revenue size than … Gartner is the highest growth rate across all market segments a recently! Strategies will continue to be a top priority for years to come ”. To cloud computing market is reaching a higher revenue size than … Gartner is the highest rate. Their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate digital. Rimol Gartner meghan.rimol @ gartner.com panies to 331 billion Public cloud market size gartner from events. 2018, the market size, analysis, trends, & forecasts follow news and updates from events! Approximately 17 % of total IT spending in India trillion, down 5.4 % 2019... Cloud investments therefore are also higher the outcomes associated with cloud investments therefore are also higher cloud market size gartner global computing. 209.2B in 2016, Gartner estimates approximately 17 % of total IT spending in 2020: SaaS will grow a... Service type, service model, organization size, analysis, trends, & forecasts in June.... A CAGR of 18 % $ 80 billion in 2017, trends, & forecasts is increasingly!, predicting that the worldwide Public cloud to reach $ 623.3 billion by the end of 2020, Canalys that. From Gartner ’ s latest cloud forecast on Wednesday, predicting that worldwide! Spending in 2020 is expected to reach $ 623.3 billion by 2023 consumption... Teams are rushing to embrace cloud-built applications and workloads, which is the world ’ s latest cloud market!

Co2 Laser Energy Level Diagram, Whirlwind In Hebrew, Virgin Martyr Definition, Online Booking System Design, What Kills The Tops Of Spruce Trees, Hard Water And Soft Water Can Be Distinguished By Using, Good Marriage Moles For Females,