Forecasts Worldwide Public Cloud Revenue to Grow 17.5 Percent in 2019

Forecasts Worldwide Public Cloud Revenue to Grow 17.5 Percent in 2019
Gartner Projects Cloud Services Industry to Grow Exponentially Through 2022

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.

 “Cloud services are definitely shaking up the industry,” said Gartner. “At Gartner, we know of no vendor or service provider today whose business model offerings and revenue growth are not influenced by the increasing adoption of cloud-first strategies in organizations. What we see now is only the beginning, though. Through 2022, Gartner projects the market size and growth of the cloud services industry at nearly three time the growth of overall IT services.”

BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service

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. 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. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise.

“Organizations need cloud-related services to get onboarded onto public clouds and to transform their operations as they adopt public cloud services,”. 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.

“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 gartner. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”

Apr 8, 2019 09:04

About US

Telecommunication Infrastructure Company, affiliated to the ministry of ICT, is responsible for creating, developing, managing, organizing, supervising, maintaining and implementing the main communications backbone of the country.

Links

Quick Access

Contact Us

Address: Central Bldg. of TIC before to Seied khandan overpass,
Shariati Ave.
Tehran, Iran