Reset Your Business Strategy Amid COVID-19, cloud application infrastructure services. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. Follow news and updates from these events on Twitter using #GartnerIO. Dollars), Cloud Application Infrastructure Services (PaaS), Cloud System Infrastructure Services (IaaS). “The cloud managed service landscape is becoming increasingly sophisticated and competitive. Okta, Inc. the lead Worldwide Public Cloud Service Revenue Forecast (Billions of U.S. 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. Follow news and updates from these events on Twitter using #GartnerIO. Oracle was one of the first providers of cloud ERP solution where the company first launched its cloud ERP solution in June 2012. 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. IoT-edge partnership is expected to revolutionize data computing and account for various corporate gains for those looking to leverage and harness the power of data analytics in developing solutions for major industry verticals To learn more, visit our Privacy Policy. In 2020, market forces are pushing the SaaS industry to record highs. Gartner clients can read more in the report Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. “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. We use cookies to deliver the best possible experience on our website. Nag. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. The global cloud computing market is expected to reach $623.3 billion by 2023. The Worldwide Public Cloud Services Market is projected to grow by 17.3% in 2019 to total $206.2B, up from $175.8B in 2018 according to Gartner. 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 … Gartner predicts the worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016. 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. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. The global market for hybrid cloud categorized by solution, service type, service model, organization size, vertical & region. Note: Totals may not add up due to rounding. 6. HANOI, Vietnam--(BUSINESS WIRE)--Dec 14, 2020--Vietnam’s leading ICT firm, FPT Software, has recently been listed in Gartner’s 2020 Market Guide for Public Cloud … The SaaS market is reaching a higher revenue size than … As organizations increase their reliance on cloud technologies, IT teams are rushing to embrace cloud-built applications and relocate existing digital assets. BPaaS = business process as a service; IaaS = infrastructure as a service; PaaS = platform as a service; SaaS = software as a service 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 . In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. 6. (Source: Canalys) By continuing to use this site, or closing this box, you consent to our use of cookies. All rights reserved. Noticeably absent from Gartner’s latest cloud IaaS market share list: IBM and Oracle. To learn more, visit our Privacy Policy. By continuing to use this site, or closing this box, you consent to our use of cookies. AWS has expanded well beyond cloud compute and storage. Since then, the company has launched many updates wit… To learn more about how we help decision makers fuel the future of business, visit gartner.com. Gartner released its latest cloud forecast on Wednesday, predicting that the market will grow 17.3 percent in 2019. 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. Forecast: Public Cloud Services, Worldwide, 2016-2022, 4Q18 Update. . 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. “Organizations need cloud-related services to get onboarded onto public clouds and to transform their operations as they adopt public cloud services,” said Mr. Its projected 33 % this quarter to $ 36.5 billion 2016-2022, 4Q18 Update 2018, Gartner forecasts the. 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