You have read and agreed to our Privacy Policy. Furthermore, the SaaS applications remain the primary segment of the vast public cloud spending – with revenues over $122 billion in 2019. Abstract. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Amazon Web Services remained the market leader with an estimated $19.99 billion in … Reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. The spending continued across different sectors to consolidate in 2019 with the collective revenue of the most preferred public cloud service providers. This IDC study discusses the worldwide public cloud infrastructure-as-a-service (IaaS) market shares for 2019. However, Infrastructure-as-a-Service (IaaS) will decrease from 21% to 16% in the same period. 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%. Cloud services are taking the business world by storm and cloud adoption statistics tell the same story. Reach an audience of more than 500,000 cloud computing professionals. Press Releases. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. AWS, the clear leader in cloud infrastructure, broke the $10bn mark in its most recent quarterly results, while Google Cloud broke $3bn. As shown in Figure 2, theAmericas continued to be the largest region with 64.1% share because of the relative majority and larger scale of many enterprise andpublic clouds in the region. This surge indicates the widespread adoption and dependence on cloud platforms and infrastructure. Your email address will not be published. Global public cloud services market grew 26% YOY in 2019 with revenues totaling $233.4 billion The worldwide public cloud services market, including Infrastructure as a … Even the growth has slowed somewhat in recent years – however, the pandemic induced crisis is serving as an accelerator for the SaaS adoption. In 2018 the market will grow a healthy 21% up from $145.3B in 2017 according to the research and advisory firm. The Worldwide Public Cloud Services Market is projected to grow by 17.3 3% in 2019 to total $206.2B, up from $175.8B in 2018 according to Gartner. Providing data access from anywhere is the top reason for cloud adoption. Covering SaaS news, cloud computing jobs, virtualization strategy, cloud apps and enterprise IT, private and public cloud, system security, cloud apps, CRM and cloud communications, Cloud Tech provides the latest insight that enables CIOs to make informed decisions about IT strategy. Write CSS OR LESS and hit save. 83% of enterprise workloads will be in the cloud by 2020. In its most recent earnings statement for Q3 of 2019, AWS reported revenues of $9 billion. New data from Synergy Research Group shows that Q1 spend on cloud infrastructure services reached $29 billion, up 37% from the first quarter of 2019. Pune, Nov. 07, 2019 (GLOBE NEWSWIRE) -- The global Retail Cloud Market is expected to witness exponential growth in the near future, because of … 2. Tags. New data from Synergy Research Group shows that the leading four providers of public cloud services accounted for 72% of the worldwide market for IaaS and PaaS in Q3, up from 57% at the beginning of 2016. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. We project that revenue from public cloud infrastructure, platforms, and applications will slow to a still healthy CAGR of 21% between 2018 and 2022, reaching $411 billion. Public cloud services growth worldwide 2019-2022, by segment Cloud computing worldwide revenue 2015-2020, by segment Share of IT infrastructure spending worldwide 2014-2024, by … July 29, 2020. IDC argued that the public cloud services market has more than doubled since 2016. These providers contributed over one-third of the total, increasing their market share year-over-year. Worldwide Cloud Applications Market Forecast 2015-2019, Source: Apps Run The World, September 2015. 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. More information can be found in the report “Market Share: Enterprise Public Cloud Services, Worldwide, 2019” for Gartner clients. The statistic shows the share held by the largest vendors in in the public cloud infrastructure as a service (IaaS) market worldwide from 2015 to 2019. This IDC study discusses the worldwide public cloud infrastructure-as-a-service (IaaS) market shares for 2019. More than $1.3T in … For more information, visit our privacy ploicy page here. The global cloud computing market size was valued at USD 266.0 billion in 2019 and is expected to expand at a Compound Annual Growth Rate (CAGR) of 14.9% from 2020 to 2027. Public cloud services growth worldwide 2019-2022, by segment Cloud computing worldwide revenue 2015-2020, by segment Share of IT infrastructure spending worldwide 2014-2024, by deployment type Copyright © 2020 Cloud Computing News. IDC's Managed CloudView 2019 highlights how enterprise expectations of managed service providers and public cloud providers is shifting. The worldwide IaaS public cloud represents a $45 billion market, led by the largest technology companies. The report, released in February 2019, reveals several interesting cloud market updates. Inside the Market’s roundup of some of ... 2021 and 2022 earnings per share projections to US$3.29 ... Enterprise Public Cloud Services, Worldwide, 2019. According to IDC, revenue from sales of IT infrastructure products for public and private cloud environments declined 10.2% year over year in Q2 2019. “Cost optimisation and business resilience have emerged as top drivers of IT investment decisions and IaaS offerings are designed to enable both. SAP (4.1%), Oracle (3.7%) and Google (3.1%) make up the top five. James can be found tweeting at @James_T_Bourne. Read More: Cloud Technology is Fueling a More Empowered Workforce, Many organizations had earlier expressed their interest in cloud journeys in about ten years. A Closer Look at the Public Cloud Services Market. In 2019, they reported an overall growth in the cloud infrastructure market of 42%. The findings, which come from IDC’s Worldwide Semiannual Public Cloud Services Tracker, take into account infrastructure as a service (IaaS), software as a service (SaaS), and platform as a service (PaaS). About a third of companies’ IT budget goes to cloud services. The figures make for an interesting comparison with Gartner, who earlier this month said the global IaaS market was worth $44.5bn in 2019. Microsoft Azure increased its share to 18% from 15% in the same period in 2018. Accessing our website tells us you are happy to receive all our cookies. 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. Gartner is predicting the worldwide public cloud services market will grow from $182.4B in 2018 to $214.3B in 2019, a 17.5% jump in just a year. 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