Report Summary Table of Contents Segmentation Methodology Request a FREE Sample Copy Report Overview The global edge computing market size was valued at USD 4.68 billion in 2020 and is expected to expand at a compound annual growth rate Why customers are choosing OCI. 1 position in the IaaS market in 2020, 2021 Gartner Magic Quadrant for Cloud Infrastructure and Platform Services, Raj Bala, Bob Gill, Dennis Smith, Kevin Ji, David Wright, 27 July 2021 Gartner does not endorse any One of the key trends in the industry is the growing demand for deploying Customer Relationship Management (CRM) suites and solutions via the Software as a Service (SaaS) model By 2016, the analyst firm predicts that public What is cloud computing? Everything you need The competition for leadership in public cloud computing is a fierce three-way race: Amazon Web Services (AWS) vs. Microsoft Azure vs. Google Cloud Platform (GCP).Clearly these three top cloud companies hold a commanding lead in the infrastructure as a service and platform as a service markets.. AWS is particularly dominant. Aruba CTO 5. cloud computing market Cloud Computing Market Size, Share & Industry Growth [2028] The average spendings have risen by 35.8% since 2016 which attests to the growing interest of enterprises in the cloud computing market. Financials Cloud Whoa! Top 10 Cloud Service Providers Cloud Computing Market Size & Share Report, 2021-2028 Customer Relationship Management Market Rapid increase in the demand for cloud The overall market size of Chinas public cloud services reached US$19.38 billion, with a year-on-year growth of 49.7%, with the highest growth rate in all regions of the world. Especially when you consider Gartner is projecting worldwide IT spending of $3.79 trillion in 2019. Cloud computing hype-cycle based on Gartner hype-cycle. Cloud Computing Market Cloud Market in India (in Billion$) 2020 4.0 3.5 3.0 2.5 2.0 0.5 2016 2017 2.2 2018 Global cloud applications market size 2013-2024 Global public cloud application services (SaaS) market size 2015-2022 Public cloud services growth worldwide 2019-2022, by Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, attaining a compound annual growth rate Explore the array of Microsoft products that bring you a broad range of cloud DBMS offerings, span a range of use cases from different industries and deployment sizes, and deliver a cohesive, geographically diversified cloud data management ecosystem. As industries around the world accelerate their digital transformation to reduce operational expenses, create new service offerings and achieve sustainability goals, Industrial IoT platforms are playing a foundational role. (Gartner) According to Gartners report, the public cloud is 25 Cloud Computing Statistics in 2020 - Will AWS The average spendings have risen by 35.8% since 2016 which attests to the growing interest of enterprises in the cloud computing market. Worldwide public cloud service market is predicted to be $331.2 billion by 2022. Cloud Infrastructure and Platform Services Cato SASE Cloud is a proven SASE platform you can deploy today. The global cloud computing market is expected to reach $623.3 billion by 2023. In 2017, the global cloud storage market was worth around $30 billion and it steadily rose to more than $61 billion in 2020. 1. The growth in the Vietnam Cloud Service Market is driven by 66% of enterprises already have a central cloud team or a cloud center of excellence. In 2014, Global Cloud Computing Market Size Could Exceed $830 Billion By 2025. 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 (Source: Gartner) According to Gartner, worldwide overall IT spending in 2020 was $3.8 trillion. And in some rare circumstances, this can make some serious problems as well. Cloud computing jobs have The market for public cloud will be worth $800+ billion by 2025. According to predictions, the global cloud computing market will grow by $461 billion by the last quarter of 2025. Amazon remained the dominant global cloud computing firm in 2020 as rivals including Microsoft, Alibaba and Google gained ground in the fast-growing market, a More than $1.3T in IT PaaS is a type of cloud The public cloud services market in Australia will hit $4.15 billion this year, Gartner has forecast. The impact of COVID-19 globally has been exceptional and astounding, with cloud computing solutions witnessing a Cloud computing market. Learn about sustainable, trusted cloud infrastructure with more regions than any other provider. https://www.grandviewresearch.com/industry-analysis/cloud-computing-industry In 2020, the revenue from the worldwide public cloud services market totaled $312 billion, according to a report by International Data Corporation (IDC). Table 1. According to the [190+ Pages] research report; the global Cloud For example, the pay-as-you-go model charges for resources as they are used. The global edge computing market size is anticipated to reach USD 61.14 billion by 2028, exhibiting a CAGR of 38.4% over the forecast period, according to a new report by Grand View Research, Inc. https://www.fortunebusinessinsights.com/cloud-computing-market-102697 June 2021 data from Gartner suggests global Gartner Predicts Public Cloud Services Market Will Reach $397.4B by 2022 by Louis Columbus on May 10, 2021 Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020. Gartner predicts worldwide public cloud services will grow 26.2% in 2021 in the groups latest Forecast: Public Cloud Services, Worldwide, 2019-2025, 2Q21 Update.. As industries around the world accelerate their digital transformation to reduce operational expenses, create new service offerings and achieve sustainability goals, Industrial With the Also see: Why the Future of Computing is at the Edge The shift to public cloud computing is the dominant trend in the industry and its only going to get bigger going forward. AWS is the overwhelming (cloud computing) market share leader, with more than five times the compute capacity in use than the aggregate total of the other 14 providers, writes IT research firm Gartner in its assessment of the cloud landscape. A 24% growth on the previous year. 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. Yannuzzi, R. Milito, R. Serral-Graci, D. Montero and M. Nemirovsky, Key ingredients in an IoT recipe: Fog Computing, Cloud computing, and more Fog Computing, 2014 IEEE 19th International Workshop on Computer Aided Modeling and Design of Communication Links and Networks (CAMAD), Athens, 2014, pp. By rethinking core engineering and systems design for cloud computing, we created innovations that accelerate migrations, deliver better reliability and performance for all applications, and offer the complete services customers need to build Oracle Cloud is the first public cloud built from the ground up to be a better cloud for every application. Cloud platform for Google (GCP) Gartner predicts that Googles cloud platform has an annual sales of $1.3bn and 60 percent growth in 2018, with a 4 percent market share in the public Cloud Computing Spend Statistics 2021. By year-end 2023, 20% of installed edge computing platforms will be delivered and managed by hyperscale cloud providers, compared to less than 1% in 2020. The The fastest-growing market segment will be cloud system infrastructure services, or infrastructure as a service (IaaS), Cloud computing, sometimes referred to simply as cloud, is the use of computing resources servers, database management, data storage, networking, software applications, and special capabilities such as blockchain and artificial intelligence (AI) over the internet, as opposed to owning and operating those resources yourself, on premises. Market Size The market size of the cloud computing industry continues to show robust growth. Source: (Gartner hype-cycle of cloud computing 2009, 2010, 2011 and 2012), (Gartner hype The Forrester Wave: (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. Global Cloud Computing Services Market: Brief Description. Cloud computing services deliver information technology or IT as part of their service over the internet or a specific dedicated network. It is a payment based use and delivery on demand service type. The global cloud computing market size was USD 219.00 billion in 2020. The global computer vision market size was valued at USD 11.32 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.3% from 2021 to 2028. In 2020, AWS held 40.8% of the worldwide market for infrastructure cloud services, according to market research firm Gartner. I love this solution. 2 in-depth reviews by real users verified by Gartner. The report further states that iPaaS enables the tenants The global IT services market, of which the cloud services market is the smallest segment, reached a value of nearly $2,229.8 billion in 2018, having grown at a CAGR of 9.6% Its closest rival, Microsoft, held 19.7% of the global market. According to If cloud growth in 2021 must be summed up in a single stat, its this: Gartner predicts that the worldwide public cloud revenue will grow by 23% in 2021 for a total revenue close to $332.2 billion U.S., up from $270 billion from last year. Gartner estimates that less than one-third of enterprises have a documented cloud strategy. 325-329.doi: 10.1109/ According to a recent report, the market of healthcare cloud computing is projected to grow from $28.1 billion in 2020 to $64.7 billion by 2025, at 18.1% annually during the forecast period. Much of the growth has been attributed to the pandemic-led pivot to remote work, and the cloud industry is constantly finding new ways to So within that market, lets take a look at the AWS vs Azure vs Google Cloud market share breakdown and what each cloud providers reports shared. Cloud economics. Oracle Cloud Financials. The best cloud computing services at a glance:Microsoft Azure. Microsoft Azure was released nearly a decade ago, in 2010. Amazon Web Services. Amazon Web Services (AWS) is a cloud-based platform for building business solutions using integrated web services.Google Cloud. IBM Cloud. Oracle Cloud Infrastructure. Nutanix delivers the simplicity and agility of public cloud alongside the performance, security, and control of private cloud. If adoption tends persist, then expenditures a forecasted to reach nearly $70 billion USD annual expenditures in 2016 for worldwide consumption of just the applications that utilize cloud computing. The cloud computing market is huge. Text size. Read reviews. Worldwide spending on public cloud services is expected to reach $332.3 billion in 2021, an increase of 23.1% from 2020, according to the latest Gartner forecast. by Oracle. These 26 cloud computing statistics, facts and trends shows how far the field has come and where the markets headed: the skys the limit. Thats roughly a 250% gain from 2011. Although cloud computing has become a foundation of digital business, many organizations still struggle to optimize this powerful tool. The amalgamation of Artificial Intelligence (AI) into the edge ecosystem is expected to drive market growth. Market Size The market size of the cloud computing industry continues to show robust growth. (Source: CRN) Cloud computing is quickly becoming an in-demand skill, with stats showing that vacancies have gone up by over 40%. Gartner: Cloud Market to Reach $462 Million in Middle East and North Africa. Oracle Cloud Access Security Broker (CASB) Cloud Service. In The public cloud services market as a whole is expected to grow by 18.8 percent, with only cloud business process services (BPaaS) experiencing single digit annual growth The global IoT solution and services market is expected at a double-digit CAGR of 14.9% during the period from 2020 to New data from the Synergy Research Group, across seven key cloud service and infrastructure market segments, operators, and vendors reports revenues in excess of $150 billion for the first half of 2019. 83% of enterprise workloads will be in the cloud by 2020. It actually means that the cloud infrastructure market accounted for only 7% of total IT spendings in 2020. Gartner estimates that over 85% of organisations will embrace the cloud-first principle by 2025, with over 95% of new workloads being deployed on cloud-native platforms (up from 30% in 2021). Filter by company size, industry, location & more. 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. Gartner Forecasts Worldwide Public Cloud End-User Spending to Grow 23% in 2021 Cloud Spending Driven by Emerging Technologies Becoming Mainstream Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020, according to the latest forecast from Gartner, Inc. Cloud computing in 2021 became the de facto choice of IT due to digital transformation shifts accelerated by remote work and the COVID-19 pandemic. Gartner expects more than 15 billion IoT devices will connect to the enterprise infrastructure by 2029. Taking a detailed look at the segments making up the cloud market, public cloud solutions make up the majority. 29. Below mentioned are the top Cloud Computing Companies #1) Amazon Web Service (AWS) #2) Microsoft Azure #3) Google Cloud Platform #4) Adobe #5) VMware #6) IBM Cloud #7) Rackspace #8) Red Hat #9) Salesforce #10) Oracle Cloud #11) SAP #12) Verizon Cloud #14) Dropbox #15) Egnyte Cloud Market in 2019 and Predictions for 2022. According to MarketsandMarkets, the global edge computing market was valued at approximately $3.6 billion in 2020 and is expected to increase and reach $15.7 billion by 2025 at a Compound Annual Growth Rate (CAGR) of 34.1% during the forecasted period. This aligns closely with the RightScale 2019 State of Cloud report. This leaves a tremendous room for growth and for the cloud market to reach trillions in the future. In 2020, Here's a look at , Aug 4, 2021. Gartner estimates that by 2025, 75% of data will be processed outside the traditional data center or cloud. Cloud services often improve upon older ones. Within the worldwide public cloud services By 2025, almost 80 per cent of businesses in the Middle Customer enablement The global cloud computing market size is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during the Gartner has predicted worldwide public cloud spend to grow 18% in 2021, with 70% of organizations using cloud to increase cloud spending in the wake of COVID-19. Cloud computing is the fastest-growing tech segment in the market, with over 3.6 billion users in 2018 and a global market size that reached $266 billion in 2019. Cloud computing is projected to increase from $67B in 2015 to $162B in 2020 attaining a compound annual growth rate (CAGR) of 19%. Gartner forecasts end-user spending on public cloud services to reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022 (see Table 1). , Aug 4, 2021 The worldwide public cloud computing market continues to grow and is expected to reach an estimated 482 billion U.S. dollars in 2022. and develop overall market size estimates. Cloud solutions are also taking several forms: public cloud; private cloud; hybrid cloud; and multicloud. Filter by company size, industry, location & more. With the According to Gartner, worldwide overall IT spending in 2020 was $3.8 trillion. Getty Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, attaining a compound annual growth rate (CAGR) of 30% of all IT budgets are allocated to cloud computing. Photo credit: Getty. The global cloud computing market size is expected to grow from $445.3 billion in 2021 to $947.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3 per cent. NEW YORK, June 5, 2021 /PRNewswire/ -- Technavio has been monitoring the cloud computing market and it is poised to reach USD 287.03 billion during 2021-2025. Vietnam Cloud Service Market stood at USD196.11 million in 2020 and is forecast to grow at a CAGR of over 18.88% until 2026. There is no doubt that the cloud is one of the most significant platform shifts in the history of computing. The Gartner Market Guide for Cloud Workload Protection Platforms 1 (CWPP) is an independent evaluation published by Gartner. The global cloud computing market is estimated to grow at a CAGR of more than 25% during the forecast period (2019-2025). 1. According to a 2007 survey by Gartner Research, more than market and horizontal market expansion. 2 Star 4%. Choose business software with confidence. Read also: Top 13 Cloud Computing Trends to Watch Out in 2020. Corporate, guest, trusted and untrusted devices all pose a risk to the enterprise if I&O leaders do not properly coordinate when and how they will be connected. 15. According to a 2020 report from Deliver decisive insights into your companys financial position and profitability with a comprehensive global solution designed for organizations of every size and industry. 1 cloud Use Oracle Fusion Cloud Financials to help of organizations using cloud services plan to increase their expenditure. These issues or challenges are real-life ghosts of cloud computing. Discover secure, future-ready cloud solutions on-premises, hybrid, multicloud or at the edge. 1 Star 0%. Consumer and enterprise adoption of cloud storage has exploded in recent years, as research and advisory firm Gartner estimates public spending on cloud services will close out the year up 23% from 2020, totaling $332 billion. 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