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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. 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 second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). In 2020, market forces are pushing the SaaS industry to record highs. 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. 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%. On February 13, 2020 By Balmoon. To learn more, visit our Privacy Policy. Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. “At Gartner, we know of no vendor or service provider today whose business model offerings and revenue growth are not influenced by the increasing adoption of cloud-first strategies in organizations. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. 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. “Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” said Mr. Katie Costello 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). 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. Last year – in 2018, the market size was valued at $272 billion. 5. “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. Table 1. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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 cloud managed service landscape is becoming increasingly sophisticated and competitive. Cloud Security Market Size Gartner. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). 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. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. The fastest-growing market segment will be cloud system infrastructure services, or infrastructure as a service (IaaS), which is forecast to grow 27.5 percent in 2019 to reach $38.9 billion, up from $30.5 billion in 2018 (see Table 1). By continuing to use this site, or closing this box, you consent to our use of cookies. If processors based on Arm become the norm in the data center, the industry can thank the gravitational pull of AWS… 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). 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. To learn more about how we help decision makers fuel the future of business, visit gartner.com. Note: Totals may not add up due to rounding. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. What we see now is only the beginning, though. To learn more about how we help decision makers fuel the future of business, visit gartner.com. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. Cloud infrastructure spending surpassed $80 billion in 2018. More than $1.3T in IT … This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. All rights reserved. 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. 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. Okta, Inc. the lead Nag. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. The second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. (Source: Canalys) COVID-19 impact on Hybrid Cloud Industry. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. 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. ©2020 Gartner, Inc. and/or its affiliates. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service 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.. 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. 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 in the Report forecast: Public cloud services, worldwide 2016-2022. Noticeably absent from Gartner ’ s leading research and advisory company are pushing the SaaS industry to record highs Gartner. 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