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. Worldwide Software as a Service and Cloud Software Market Shares, 2019: A New Generation of SaaS, Doc #US46646419, July 2020; IDC's Worldwide Semiannual Public Cloud Services Tracker provides total market size and vendor share for more than seventy segments of the global public cloud services market. Examination of the global Public Cloud Application Infrastructure Services market size by value and size. The Global Public Cloud Market size is expected to reach $488.5 billion by 2026, rising at a market growth of 16% CAGR during the forecast period Worldwide public cloud services market revenue is projected to grow 18.5% in 2017 reaching $260.2B, up from $219.6B in 2016. According to a new report Global Public Cloud Market, published by KBV research, The Global Public Cloud Market size is expected to reach $488.5 billion by 2026, rising at a market growth of 16% CAGR during the forecast period.. Small and medium-sized enterprises is projected to be the fastest growing segment due to reduced IT hardware and software costs, enhanced computing power and … 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%. Determination of the key dynamics of the market. To accurately calculate the market segments, consumption, and other dynamic factors of the various units of the market. Public cloud deployment types are expected to have the largest market size in 2016 due to the increasing deployment of web and mobile applications among different user groups. Google’s 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. Desktop as a service (DaaS) is expected to have the most significant growth in 2020, increasing 95.4% to $1.2 billion. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, Alibaba Cloud close behind at 6%, and other clouds with 37%. SAN FRANCISCO, May 5, 2020 /PRNewswire/ -- The global public cloud market size is expected to reach USD 596.0 billion by 2027, expanding at … Infrastructure as a Service (IaaS) is … The worldwide public cloud services market is forecast to grow 6.3% in 2020 to total $257.9 billion, up from $242.7 billion in 2019, according to Gartner, Inc. Global Cloud Computing Market Size (2020 – 2025) The global cloud computing market size is foreseen to extend from $ 371.4 billion in 2020 to $ 832.1 billion by 2025, at a compound annual growth rate (CAGR) of 17.5% over the conjecture period. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. Global Public Cloud System Infrastructure Services Market 2020 Size, Revenue, Growth Rate, Restraints, Forecast Analysis by 2025 Published: Sept. 23, 2020 at 3:54 p.m. ET Comments This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion.
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