The worldwide public cloud services market is forecast to grow 17 percent in 2020 to total $266.4 billion — that’s up from $227.8 billion in 2019, according to Gartner. “At this point, cloud adoption is mainstream,” said Sid Nag, research vice president.
As companies move beyond initial forays into the cloud, many are experiencing the advantages — and the challenges — of a multicloud environment. In fact, 85 percent of companies globally are already operating in a multicloud environment. By 2021, 96 percent plan to be using multiple clouds.
IT spending growth is being driven by the rest of the world catching up on cloud spending. The U.S. is leading cloud services adoption and accounts for over half of global spending on cloud computing.
“Instead of moving data to the public cloud, the cloud experience will move the cloud to the data. Just as the need for enterprise-style engagement models creates opportunities for incumbent technology companies, so too does the movement of the cloud experience into the core and out to the edge.”
via Wikibon Research
“ABI Research has forecast that revenues from these (artificial intelligence) chipset shipments will increase significantly in the next five years — from $4.2 billion in 2019 to $10 billion in 2024.”
“Next-generation workloads can require specialized hardware capabilities, but enterprises embracing the cloud often overlook such considerations completely. For some, that can mean reduced performance and value.”
“In 2020, we’ll see the public cloud market, including cloud applications (SaaS), development and data platforms (PaaS), and infrastructure (IaaS) services combined, grow to $299.4 billion. Even with slower growth on the horizon, this is a tremendous success for a consolidating, maturing market on its way to half a trillion dollars in just a few years.”