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Public Cloud Revenue to Grow 17.3 Percent in 2019, according to Gartner

Public Cloud Revenue to Grow 17.3 Percent in 2019, according to Gartner


The worldwide public cloud market is expected to reach USD 206.2 billion in 2019 as compared to USD 175.8 billion in 2018.

This is a growth rate of 17.3 percent, claims latest Gartner report, "Forecast Analysis: Public Cloud Services, Worldwide, 2Q18 Update" and “Forecast: Public Cloud Services, Worldwide, 2016-2022, 2Q18 Update”. For 2018, Gartner predicted that worldwide public cloud market will grow to 21 percent up from USD 145.3 billion in 2017.

In 2019, Infrastructure as a service will be the fastest growing segment in worldwide public cloud market accounting to grow to USD 29.5 billion up from USD 31 billion in 2018. This is a growth rate of 27.6 percent. The largest segment of the cloud market is Software as a service (SaaS) with revenue expected to grow 17.8 percent to reach $85.1 billion in 2019

Research director at Gartner, Sid Nag said, "Demand for integrated IaaS and PaaS offerings is driving the next wave of cloud infrastructure adoption. We expect that IaaS-only cloud providers will continue to exist in the future, but only as niche players, as organizations will demand offerings with more breadth and depth for their hybrid environments. Already, strategic initiatives such as digital transformation projects resulting in the adoption of multi-cloud and hybrid cloud fuel the growth of the IaaS market."

PC: https://www.gartner.com/en/newsroom/press-releases/2018-09-12-gartner-forecasts-worldwide-public-cloud-revenue-to-grow-17-percent-in-2019

Gartner also predicted that 90 percent of public cloud purchases will be in IaaS and from the integrated IaaS and platform as a service (PaaS) providers. The customers tend to use both IaaS and PaaS offerings from those providers.

Research vice president at Gartner, Craig Roth said, “The increasing adoption of SaaS applications and other cloud services impacts the management, dissemination, and exploitation of enterprise content. Organizations are steadily — but not exclusively — shifting their content environments to SaaS. Gartner expects that by 2019, the current enterprise content management (ECM) market will devolve into purpose-built, cloud-based content solutions and solution services applications.”

In the business process as a service (BPaaS) category, Gartner forecasts a revenue growth of 7.9 percent, to reach $50.3 billion in 2019. Gartner found that especially in this category, buyers increasingly expect deep domain expertise, technology and global deployment capabilities from their providers as well as service portfolios that bridge legacy offerings and support newly automated, digital and cloud service delivery paradigms.

Further details can be availed in Gartner's latest report, "Forecast Analysis: Public Cloud Services, Worldwide, 2Q18 Update" and “Forecast: Public Cloud Services, Worldwide, 2016-2022, 2Q18 Update”.

PC:pablo,pixabay

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Mandar Pise Opinions expressed by techsutram contributors are their own. More details

Mandar is a seasoned software professional & Fintech, Cloud, IoT, and Blockchain enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about Fintech, Cloud, IoT, AI and Blockchain, and the effects they will have economically and socially in the future.

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