All rights reserved. 6. Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. 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. 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. The global edge computing market size was valued at USD 3.5 billion in 2019, registering a CAGR exceeding 37% from 2020 to 2027. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. 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. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service Reset Your Business Strategy Amid COVID-19, cloud application infrastructure services. 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. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. . 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. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. The Cloud AI Market was valued at USD 5.2 billion in 2019 and is expected to reach USD 13.1 billion by 2025, registering a CAGR of 20.3%, during the period of 2020-2025. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. The cloud computing race in 2019 will have a definite multi-cloud spin. 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. Oracle was one of the first providers of cloud ERP solution where the company first launched its cloud ERP solution in June 2012. 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 “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, … 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. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. AWS has expanded well beyond cloud compute and storage. The global cloud POS market size is expected to grow at a CAGR of 22.7% during the forecast period, to reach USD 3.73 billion by 2023 from USD 1.34 billion in 2018. (Source: Canalys) “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. About Gartner IT Infrastructure, Operations and Cloud Strategies Conferences. All rights reserved. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. Okta, Inc. the lead Oracle has been named a Leader in Gartner’s 2020 “Magic Quadrant for Cloud Financial Planning and Analysis Solutions [1] ” for the fourth consecutive year. Nag. 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%. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. 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