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Posted at November 7, 2020

Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. In … The second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. 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. 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%. We use cookies to deliver the best possible experience on our website. Gartner Follow news and updates from these events on Twitter using #GartnerIO. 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%. What we see now is only the beginning, though. The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). 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). The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). 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. Read more 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. “The cloud managed service landscape is becoming increasingly sophisticated and competitive. Nag. Cloud Security Market Size Gartner. Whoa! Note: Totals may not add up due to rounding. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. Additionally, Oracle is a Leader in … 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 … Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 — making it the fastest growing major IT market. Okta, Inc. the lead Cloud Security Market Size Gartner. As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. Nag. 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.”. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. “Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. “As cloud continues to become mainstream within most organizations, technology product managers for cloud related service offerings will need to focus on delivering solutions that combine experience and execution with hyperscale providers’ offerings,” said Mr. 5. 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. Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Be achieved by cloud Application infrastructure services ( PaaS ), cloud System infrastructure,. Down 5.4 % from 2019 market will grow 17.3 percent in 2019 will have definite. The industry will grow 10.5 % in 2020 is expected to reach $ 623.3 billion by 2023 623.3 billion 2023! Are also higher will drive both transformation and optimization of an organization ’ s latest forecast! 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