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Cloud Security Market Size Gartner. In 2018, Gartner forecasts that the market will grow 21 percent, up from $145.3 billion in 2017. Googles 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. Nag. Within the worldwide public cloud services market, Desktop-as-a-Service (DaaS) is expected to have the most significant growth in 2020, increasing 95.4% to $1.2 billion. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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. 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. The cloud computing race in 2019 will have a definite multi-cloud spin. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. 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. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. We are a trusted advisor and an objective resource for more than14,000 enterprises in more than 100 countries across all major functions, in every industry and enterprise size. The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. Googles 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. Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 making it the fastest growing major IT market. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. Cloud infrastructure spending surpassed $80 billion in 2018. Gartner expects that by the end of 2019, more than 30 percent of technology providers new software investments will shift from cloud-first to cloud-only. 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. To learn more about how we help decision makers fuel the future of business, visitgartner.com. Building, implementing and maturing cloud strategies will continue to be a top priority for years to come, said Mr. 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. Global Hybrid Cloud Market Report 2020: Industry Trends, Share, Size, Growth, Opportunity and Forecast, 2014-2019 & 2020-2025 - ResearchAndMarkets.com October 15, (Source: Canalys) Worldwide IT spending is projected to total $3.8 trillion in 2021, an increase of 4% from 2020, according to the latest forecast by Gartner, Inc. 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 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. Global major vendors offering cloud ERP solution and services include Oracle (US), SAP (Germany), Microsoft (US), Infor (US), Unit4 (Netherlands), Workday (US), Sage Software (UK), Epicor (US), QAD Inc (US), Plex Systems (US), Acumatica (US), Deltek (US), Rootstock Software (US), IQMS (US), and Ramco Systems (India). 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). Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. The expectations of the outcomes associated with cloud investments therefore are also higher. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. 2020Gartner, Inc. and/or its affiliates. IaaS is forecast to grow 24% year over year, which is the highest growth rate across all market segments. 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). The SaaS market is reaching a higher revenue size than (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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. 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 . 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. 5. Oracle has been named a Leader in Gartners 2020 Magic Quadrant for Cloud Financial Planning and Analysis Solutions [1] for the fourth consecutive year. Nag. 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). Irrespective of the cost-saving benefits and efficiencies, enterprises limit themselves to the chosen vendors for specific protocols and tools. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. BESTSELLER Cloud Migration Market - Growth, Trends, Forecasts (2020 - 2025) The Cloud Migration Market is segmented by Type of Deployment (Public, Private, and Hybrid), Enterprise Size (SMEs and Large Enterprises), Type of Service (PaaS, IaaS, and SaaS), End-user Vertical (BFSI, Healthcare, Retail, Government, IT and Telecommunication, Manufacturing and Other End-User Vertical), and Geography. We are a trusted advisor and an objective resource for more than14,000 enterprises in more than 100 countries across all major functions, in every industry and enterprise size. 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