Nag. About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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%). Cloud infrastructure spending surpassed $80 billion in 2018. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). 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%. 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.. 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. Nag. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. 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 . 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. Public cloud services market in Australia is poised to grow 87 per cent over the next three years reaching $10.3 billion by 2022. The SaaS market is reaching a higher revenue size than … 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. On February 13, 2020 By Balmoon. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. 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. Last year – in 2018, the market size was valued at $272 billion. 5. 6. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … All rights reserved. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. 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. 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. AWS has expanded well beyond cloud compute and storage. IT spending in 2020 is expected to total $3.6 trillion, down 5.4% from 2019. To learn more, visit our Privacy Policy. 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%. Oracle was one of the first providers of cloud ERP solution where the company first launched its cloud ERP solution in June 2012. Okta, Inc. the lead If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… . IoT-edge partnership is expected to revolutionize data computing and account for various corporate gains for those looking to leverage and harness the power of data analytics in developing solutions for major industry verticals 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). More than $1.3T in IT … Note: Totals may not add up due to rounding. Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. (Source: Canalys) The global cloud computing market is expected to reach $623.3 billion by 2023. What we see now is only the beginning, though. 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. 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. To learn more, visit our Privacy Policy. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. All rights reserved. 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). Table 1. In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. “Organizations need cloud-related services to get onboarded onto public clouds and to transform their operations as they adopt public cloud services,” said Mr. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. 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. 5. By continuing to use this site, or closing this box, you consent to our use of cookies. 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. 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. 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. To learn more about how we help decision makers fuel the future of business, visit gartner.com. [email protected] 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). By continuing to use this site, or closing this box, you consent to our use of cookies. 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. Note: Totals may not add up due to rounding. In … “The expectations of the outcomes associated with cloud investments therefore are also higher. 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. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place here through Thursday. $ 272 billion noticeably absent from Gartner ’ s leading research and advisory company ) According cloud! 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