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Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. Gartner Its projected 33% growth this year is a function of its small initial market size and organizations’ preference for cloud-based cybersecurity solutions. Nag. 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). BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service 5. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). The low cost of entry provided by public cloud services will be a big influence on Indian CIOs to increase their spending on this technology in the price sensitive market. Additionally, Oracle is a Leader in … In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. All rights reserved. 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. The cloud computing race in 2019 will have a definite multi-cloud spin. Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. 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, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. 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). 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. 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 onset of the Covid-19 pandemic was the starting point of the Cloud 2.0 era,” said Sid Nag, research vice president at Gartner. According to Gartner’s forecast, infrastructure-as-a-service (IaaS) solutions, like cloud storage, will be the fastest-growing segment of the market with 24% predicted growth. Demand for strategic cloud service outcomes signals an organizational shift toward digital business outcomes.”, Gartner clients can read more in the report “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”, Gartner IT Infrastructure, Operations & Cloud Strategies Conference. Cloud Puting Market Ed To Reach 411b By 2020. 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 clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. 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 . COVID-19 impact on Hybrid Cloud Industry. Public cloud services market size 2009-2022 + Public cloud services market share in Russia 2019, by segment + Mexico: cloud services revenue 2019 + Mexico: cloud … What we see now is only the beginning, though. Various forms of cloud computing are among the top three areas where most global CIOs will increase their investment next year, according to Gartner. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. “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. Whoa! 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. All rights reserved. The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. Public cloud revenue is forecast to grow 6.3% in 2020 to total $257.9 billion, up from $242.7 billion in 2019, according to Gartner. The second-largest market segment is cloud system infrastructure services, or infrastructure as a service (IaaS), which will reach $50 billion in 2020. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. As numerous migration services are offered by the CSPs, many SMEs and large enterprises are adopting these services to migrate their on-premises workload to cloud. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. 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. The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). Gartner released a report recently estimating that the worldwide cloud market is worth about $131 billion in 2013. 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. Reset Your Business Strategy Amid COVID-19, cloud application infrastructure services. The global cloud computing market is expected to reach $623.3 billion by 2023. “Cloud-native capabilities, application services, multicloud and hybrid cloud comprise a diverse cloud ecosystem that will be important differentiators for technology product managers. 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). ©2020 Gartner, Inc. and/or its affiliates. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Pichai reporting cloud service revenue forecast ( Billions of U.S help decision fuel! ), cloud Application infrastructure services ( IaaS ) Sundar Pichai reporting cloud service revenues track. Reports that the worldwide cloud market share list: IBM and Oracle these events on using. 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