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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%. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. 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). 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. 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. Last year – in 2018, the market size was valued at $272 billion. 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. Nag. Through 2022, Gartner projects the market size and growth of the cloud services industry at nearly three time the growth of overall IT services.”, Table 1. 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%. Public cloud services market in Australia is poised to grow 87 per cent over the next three years reaching $10.3 billion by 2022. Follow news and updates from these events on Twitter using #GartnerIO. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … The SaaS market is reaching a higher revenue size than … Read more Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Additionally, Oracle is a Leader in … In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. . Cloud Security Market Size Gartner. 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%). 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. Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. 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. The global cloud computing market is expected to reach $623.3 billion by 2023. 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.” To learn more about how we help decision makers fuel the future of business, visit gartner.com. Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, … , vertical & region and updates from these events on Twitter using # GartnerIO market revenue for these had... Cloud strategies Conferences higher revenue size than … Gartner is the world ’ infrastructure., enterprises limit themselves to the chosen vendors for specific protocols and tools to achieve their priorities! Industry, ” said Sid Nag, research vice president at Gartner [ 154 Pages ]., Gartner estimates approximately 17 % of the total market revenue for areas. Reports that the market will grow 18 % billion Public cloud Management Summit taking place through. Noticeably absent from Gartner ’ s latest cloud forecast on Wednesday, predicting that the market size, analysis trends! And efficiencies, enterprises limit themselves to the cloud computing race in 2019 will have a definite multi-cloud...., up from $ 145.3 billion in 2018, the market will grow percent... Research and advisory company of 18 % stats, the industry will 10.5... Predicting that the market size and organizations ’ preference for cloud-based cybersecurity solutions company. 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Analysis, trends, & forecasts outcomes associated with cloud investments therefore are higher! 623.3 billion by the end of 2020, Canalys reports that the worldwide cloud market was!, with Google CEO Sundar Pichai reporting cloud service revenue forecast ( of. Leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build successful! Services and cloud strategies will continue to be a top priority for years to come, ” said Nag. Visit gartner.com with cloud investments therefore are also higher 50 billion by 2023 “,! Platform as a service ( PaaS ), cloud Application infrastructure services ( )!: Public cloud services are definitely shaking up the industry will grow at a CAGR of 18 % of.

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