Cloud Computing: On the Path to Market Saturation
“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.”
via Forrester
ERP Software Market will Reach $78.40 Billion
The global ERP software market was valued at $35.81 billion in 2018 — it will reach $78.40 billion by 2026, growing at a 10.2% CAGR. The increased need for operational efficiency and transparency in business processes and the rise in demand for data-driven decision-making will fuel growth.
via AMR
Public Cloud Revenue will Reach $500 Billion in 2023
Worldwide spending on public cloud services and infrastructure will more than double over the 2019-2023 forecast period, according to the latest market study by International Data Corporation (IDC).
Software-as-a-Service Market Will Reach $100 Billion
In Q1 the enterprise SaaS market generated well over $23 billion of revenue for software vendors and will reach a $100 billion annual run rate in the current quarter. The market continues to grow at almost 30% per year.
Why Legacy IT Vendors Seek Cloud Niche Viability
The worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion — that’s up from $182.4 billion in 2018, according to the latest global market study by Gartner.
Upside for Enterprise Messaging and Collaboration
Though year-end totals have yet to be tallied, the global market for enterprise messaging and collaboration tools are expected to have reached $2.4 billion last year, up 11.8% from 2017, and is forecast to reach $3.2 billion by 2021, IDC now estimates.
via WSJ
Public Cloud Revenue will Reach $186.4 Billion in 2018
Around the globe, CIOs and CTOs continue to transition to a hybrid multi-cloud service delivery model, supported by on- and off-premises IT infrastructure. Meanwhile, the worldwide public cloud services market is projected to grow 21.4 percent in 2018 to reach $186.4 billion — that’s up from $153.5 billion in 2017.
Hybrid IT Demand Fuels Multi-Cloud Computing Trend
The latest Global Cloud Index (GCI) 2016-2021 from Cisco focuses on the worldwide market outlook for enterprise data center virtualization and cloud computing services. Today’s digital business is enabled by Hybrid IT infrastructure that supports the deployment of cloud-based solutions.
How Digital Transformation is Advancing Hybrid Multi-Cloud
The industries that are forecast to spend the most on public cloud services in 2018 are discrete manufacturing ($19.7 billion), professional services ($18.1 billion), and banking ($16.7 billion). The process manufacturing and retail industries are also expected to spend more than $10 billion each on public cloud services in 2018.
Next-Gen Digital Business Growth Fuels IT Investments
Digital transformation projects drive requirements for new business technology investment. Worldwide IT spending is projected to total $3.5 trillion in 2017 — that’s a 2.4 percent increase from 2016, according to Gartner. That growth is up from the previous quarter’s forecast of 1.4 percent.
Source: Digital Lifescapes
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