Eventually, at some point in the near future, traditional data centers will be obsolete. Among these, the hybrid cloud segment is likely to exhibit the maximum growth rate during the projected period. Read More: https://www.marketstudyreport.com/reports/global-help-desk-software-market-research-report-with-opportunities-and-strategies-to-boost-growth-covid-19-impact-and-recovery This speed of growth is staggering, that much is clear. Google Cloud adoption grew even more strongly to narrow the gap with Azure. It is also estimated that 56% of all workloads will be in the public cloud by 2018. The report also elaborates on the competitive trends, along with all-inclusive analysis of the industry supply chain. The dossier provides a broad overview of the current market and revenue forecasts for the growth of the cloud computing industry. In 2019, the AWS adoption fell by 1%, while the rest of the cloud computing services’ adoption continues to grow. A complete backdrop analysis, which includes an assessment of the parent market, Market segmentation up to the second or third level, Historical, current, and projected size of the market from the standpoint of both value and volume, Reporting and evaluation of recent industry developments, Market shares and strategies of key players, Emerging niche segments and regional markets, An objective assessment of the trajectory of the market, Leading companies that formulate the competitive landscape of the Cloud Computing Service market are. Its revenue has grown by 75% since Q1 2018. The overall annual growth rate of cloud workloads from 2014 to 2019 is projected be 27%, but public cloud workloads are expected to grow at a 44% rate. Small and medium businesses benefit the most, as they spend 36% less money on IT that way. We could also mention Alibaba Cloud (4%) and IBM Cloud (3.8%), but they are too far behind. Its market is larger than that of the next four combined. Therefore, experts anticipate the disparity between the two to grow. word processors, spreadsheets, etc. Global Help Desk Software Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery ). Of course, there is much more nuance in cloud growth. If you’ve reached this part of this post, you’re either really curious about the cloud or thinking of migrating toward it. Required fields are marked *. Cloud computing statistics place Microsoft Azure second with 16.8% of the global cloud market. The cloud computing future trends suggest that process manufacturing and retail also invest heavily in the cloud. The statistics on cloud computing show that companies not only use multiple clouds today, but they have plans to expand multi- and hybrid cloud use in the future: According to a 451 Research survey , 69% of organizations plan to run a multi-cloud environment by 2019. But 50% of these companies are also using cloud computing apps as well. 6. It has actually become a big part of companies’ cloud expenses. Based on the type, the cloud computing market is divided into hybrid cloud, private cloud, and public cloud. Cloud Computing Companies Growth Trends for 2020. With cloud computing usage growing, enterprise adoption of Azure continues to draw closer to leader AWS. Cloud computing statistics show security is one of the main concerns for companies, and it does appear they’ve taken precautions. In terms of cloud computing spending, the US is the undisputed champion. The statistic shows the size of the global market for public cloud application infrastructure services (platform as a service or PaaS) from 2015 to 2022. Some companies have difficulties managing their cloud use and they’re spending money on that. Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. Enterprises, on the other hand, spend almost 25% of their IT funds this way. Also known as AWS, Amazon’s cloud computing division has been the leader in the cloud industry market for several years now. Request a sample Report of Cloud Computing Service Market at: https://www.marketstudyreport.com/request-a-sample/3003058?utm_source=groundalerts.com&utm_medium=SK. Gartner predicts that through 2022 at least 95% of security failures in the cloud will be caused by the customers. Read More: https://www.marketstudyreport.com/reports/global-video-gaming-hardware-market-research-report-with-opportunities-and-strategies-to-boost-growth-covid-19-impact-and-recovery, Related Report : https://www.marketwatch.com/press-release/programmatic-advertising-spending-market-analytical-overview-growth-factors-demand-trends-and-forecast-by-2026-2020-12-11, Contact Us: Now, let’s delve a little deeper and see what lies behind these cloud computing stats. Also, you pay only for what you use. The key focus of Cloud Computing in Education Sector market report is to evaluate the performance of the industry in the ensuing years to help stakeholders … Email: [email protected]. Professional services (12.2%), discrete manufacturing (11.8%), and banking (10.6%) account for more than a third of the global expenditure. The statistical plus scientific Cloud Computing market report has all the important market aspects penciled down in a layman language format so that the data based on the markets productivity or future strategy can be easily extrapolated from the reports. The companies estimate 27% of their cloud computing budget went to waste in 2019 due to poor management. 21+ Stunning Drupal Stats Each Website Owner Should Know, 15+ Mind-boggling Minecraft Statistics for the Dedicated Gamer, 21+ Website Load Time Statistics and Facts [Infographic – How Speed Affects Your Website], AWS Web Hosting Facts & Stats (Infographic), 43+ Insightful Domain Facts [Infographic], 101 Affiliate Marketing Stats [Infographic] – Updated in 2020, 30+ Joomla Statistics for the Newly-fledged Webmaster in 2020, What Is DNS, How Does It Work, And How to Use Your DNS Zone, 53 Cybersecurity Statistics from 2020: Stay Safe in the New Decade, Your email address will not be published. Otherwise, it’s the same thing. How about its competitors? Even better – your web hosting company is likely among the modern cloud hosting providers (like InMotion Hosting or HostGator are). How many visitors does your site have from February to October? Azure usage also grew, especially among enterprises. If it’s the latter, let’s see if cloud computing stats can help you make the decision. According to Gartner, the cloud computing market is expected to grow at a steady CAGR of 17% between 2019 and 2020. Although saving money is a good incentive, it’s not the main reason. According to Cisco, SaaS and PaaS will grow in the years to come. 75% of IT experts find managing privacy and data protection in a cloud environment to be more complicated than on premises. Impressive speed of growth, isn’t it? Last year – in 2018, the market size was valued at $272 billion. This gives you some idea of the size of the industry, doesn’t it? The report also indicates a pointwise outline of mar... © 2020 groundalerts.com. The good thing about the cloud is that it has different products that fit any pocket. Key trends in the industry. 31. Google Cloud’s computing services account for 8.5%. First of all let’s see the main types of services, provided by cloud vendors: In the realm of web hosting, cloud services are often divided into two categories: managed and unmanaged. You can see practically all network monitoring tools try to bridge this gap by including more features geared towards the cloud. The global cloud computing trends show only a minority of companies have devised automated policies to face this issue. PaaS spending follows with 29.8% CAGR. Details pertaining to garnered sales and revenue amassed by each geography is mentioned. The Cloud Computing Service market report covers the key trends overseeing the industry growth across the regional contributors. An interesting fact is that AWS accounts for 13% of Amazon’s total sales. Other highlights from the Cloud Computing Service market report: For More Details On this Report: https://www.marketstudyreport.com/reports/global-cloud-computing-service-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026-based-on-2020-covid-19-worldwide-spread, 1. 30% of all IT budgets were allocated to cloud computing in 2018. It provides insights about the restraints as well as opportunities to assist in better decision making and execute further business expansion. Geographically, the Cloud Computing Service market is bifurcated into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America. Doesn’t “cloud computing statistics” sound tempting enough? Actually, all services see an increase in adoption, year-over-year. The study also delves into the ever-changing competitive scenario by profiling the leading industry players. By the way, did you know that, technically, it was Moses who had the first tablet that downloaded files from the cloud? Dec 06, 2020 (The Expresswire) -- 2021Cloud Computing Stack Layers Market :- Cloud computing describes wide range of useful services. Numbers don’t lie; the cloud industry is blooming. Did you know that Apple pays Amazon more than $30 million each month? In 2018, AWS marked significant growth. Privacy and regulatory issues, along with governance and compliance of cloud services worry more than 60% of enterprises. The mar... Market Study Report LLC Adds a New Report on Global Art Collection Software Market research to its online database. Their cloud service’s revenue was $2.3 billion, which means an 83% growth from the $1.2 billion the company made in Q1 2018. Cloud Computing ist ein aktueller Trend in Unternehmen. 9) Cloud computing spending has been growing at 4.5 times the rate of IT spending since 2009 and is expected to grow at better than 6 times the rate of IT spending from 2015 through 2020 according to Forbes. The weeks before Christmas is when traffic increases immensely. We discovered who are its most prominent players, and also who uses cloud computing and why. Cloud Computing Service Market Share, Growth, Statistics, by Application, Production, Revenue & Forecast to 2026, https://www.marketstudyreport.com/request-a-sample/3003058?utm_source=groundalerts.com&utm_medium=SK, https://www.marketstudyreport.com/check-for-discount/3003058?utm_source=groundalerts.com&utm_medium=SK, https://www.marketstudyreport.com/reports/global-cloud-computing-service-market-report-2020-by-key-players-types-applications-countries-market-size-forecast-to-2026-based-on-2020-covid-19-worldwide-spread, https://www.marketstudyreport.com/reports/global-help-desk-software-market-research-report-with-opportunities-and-strategies-to-boost-growth-covid-19-impact-and-recovery, https://www.marketstudyreport.com/reports/global-video-gaming-hardware-market-research-report-with-opportunities-and-strategies-to-boost-growth-covid-19-impact-and-recovery, https://www.marketwatch.com/press-release/programmatic-advertising-spending-market-analytical-overview-growth-factors-demand-trends-and-forecast-by-2026-2020-12-11, Recent Research: Detailed Analysis on Vertical Farming System or Module Market Size with Forecast to 2026, Art Collection Software market: Industry analysis 2020 and forecasts to 2026, Online Booking Tools Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2026. 10) More than 50% of IT spending will be cloud-based by 2018, according to Forbes. This article presents recent statistics on enterprises' use of cloud computing services in the European Union (EU). The leading cloud services in terms of revenue are: Smaller companies still dedicate less of their IT budget toward the cloud – around 20%. We use affiliate links to earn commissions from most of the products reviewed and recommended on our pages. The average cloud budget for SMB was $889,000 in 2018, while that of enterprises reached $3.5 million. To deliver iCloud and other Apple services to consumers. This spells out a 36% increase in only two years. Naturally, bigger enterprises spend more money on cloud computing. In 2017 that spending was at just $55 billion. The hybrid strategy, in particular, fosters certain benefits. Cloud computing for business yet to go mainstream in the EU. Amazon is doing more than great, and AWS earned more than $7.6 billion in Q1 2019 alone. Oracle, IBM, and Google Clouds were also adopted by many companies. According to statistics on cloud computing trends, on-premises hosted servers will see a drop in workload from 37% to 27%. Cloud computing’sfuture growth all began when the growth of infrastructure as a service, IaaS, and platform as a service, PaaS, expanded the number of cloud solutions available in public and private sectors. However, the growth of private cloud workloads will be slower, at 16% rate during the same period. Cloud migration isn’t a security trade-off. If not, and you still wonder if the cloud is the place for your website, feel free to check out the latest trends in cloud computing. We touched upon the most key cloud computing statistics. Market Study Report LLC Being the multi-billion companies that they are, the cloud vendors can create top-notch security and multilayered defense mechanisms. 6. If cloud growth in 2020 must be summed up in a single stat, it’s this: Gartner predicts public cloud revenue will grow 6.3% just in 2020 for a total revenue close to $258 billion U.S., up $15 billion from last year. If you do decide to switch after reading this, it will be effortless. Crucial details regarding the product portfolio, company profile, production patterns, and market remuneration are cited in the study. And even just a slow website hurts your bottom line way too much. This stat summarizes the future of the Web. But what type of cloud do they choose? Worldwide COVID-19 status and its implications on the economy. The ' Online Booking Tools market' study now available at MarketStudyReport.com, is a detailed sketch of the business sphere in terms of current and future trends driving the profit matrix. Now we can break the industry down a bit more. For reference, the cloud hosted 45% of workloads in 2018. The report provides information on Industry Trends, Demand, Top Manufacturers, product, Material and Application and manufacturers. The Best Online Form Builders to Use for Your Site in 2020, The 11 Best VoIP Providers for Every Occassion. Phone: 1-302-273-0910 Elaborating on the application spectrum, the Cloud Computing Service market is fragmented into. In any case, cloud adoption has its benefits and risks as well. With cloud computing, this doesn’t happen at all. Other details such as CAGR and market share of each product category over the forecast timeframe are enumerated as well. Save my name, email, and website in this browser for the next time I comment. (Source: Forbes) Roughly, 48% went to SaaS, 30% to IaaS, and 21% to PaaS. Small to medium businesses, on the other hand, prefer to use a public cloud (43%), instead of arguably more expensive private solutions (35%). The product terrain of the Cloud Computing Service market is split into. True to its dominant growth traits demonstrated in the previous years, the aforementioned global Cloud Computing in Automotive market is likely to make a systematic and quick comeback, crossing xx million dollars, ticking a healthy CAGR valuation of xx %, through the entire growth span, 2020-25. This can only mean companies set aside a lot of funds to spend on cloud services. The infrastructure service just makes progress faster. Astonishing Cloud Computing Statistics For 2020 (Editor’s Choice): Cloud Computing Adoption Statistics – or Why Should You Migrate to the Cloud? Now the company offers more than 140 services to its clients. When a company decides to adopt a cloud service, the main question is “Why?”. Because of SaaS’s massive adoption, this type of service brings a lot of revenue. Second, when the visitors’ number actually increases, the cloud should immediately provide more resources to give your customers the best experience. Only IaaS will see a moderate amount of recession, reaching 16% in 2021. The truth is… if you don’t know why this matters – then you probably won’t see what the big deal is. If you use traditional hosting, you pay the hosting company a fixed amount every month. Corporate Sales, Adoption of PaaS services from cloud providers continues to increase with container-as-a-service now reaching second place behind database-as-a-service. According to cloud computing stats, public cloud adoption is 91%, while 72% use a private cloud solution. The reason is simple – more brands are switching to the cloud. Global Cloud Computing in Banking Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth … Almost two-thirds (64%) tried to lower their cloud spending in 2019. Nevertheless, 53% of companies aim to increase their cloud security using various techniques – like multi-factor identification, for example. We already found out the global cloud computing market share. And it may lead to your website loading slowly for your visitors… or not at all. We’ve prepared some stats that will help figure this out. There are many cloud service providers out there, but those are the three big dogs in the industry. According to cloud computing growth stats, the industry will grow at a CAGR of 18%. The study assesses the market share for each application and estimates their CAGR during the forecast period. Some 39 % used it to host their database, while 34 % reported using it for office software (e.g. Companies can benefit from the built-in cloud security. Here’s an appetizer before the main course: You can also see the trends in cloud computing and decide if it’s right for your business in the long run, or not. Cloud computing trends show year-over-year growth, ever since it was introduced. In principle, cloud computing involves two components, a cloud infrastructure and software applications. Cloud computing services may meet a wide range of other business ICT needs. Der Anteil der Unternehmen in Deutschland, die im Jahr 2019 Cloud-Lösungen einsetzen beträgt 76 Prozent. We already know AWS holds almost a third of the market. Azure earned Microsoft a total of $3.4 billion for the same period. The study also delves into the ever-changing competitive scenario by profiling the leading industry players. Revenue and the volume predictions of each product type are validated. Meaning, they use more than one public or private cloud. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. And the thing is – the cloud is likely an adequate alternative to your website hosting. Once traffic decreases again, the resources are redirected elsewhere, so you don’t have to pay for them in vain. Furthermore, this service is expected to be the top earner all through 2021. AWS attracts almost half of the early-stage cloud users (52%), and Azure is chosen by 41%. 9 and 10 show just how much the industry is growing. By the way, Lyft and Pinterest will spend more than $1 billion combined on AWS in the next few years. Although the cloud computing statistics we’ve seen so far look promising, still…. By Market Study Report Published: 6 hours ago Product ID: 2251608. Global Video Gaming Hardware Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery Google’s results generally come from more advanced users (24% adoption), while only 9% of beginners start with Google Cloud. When it was launched in 2006, it provided only one service. As an illustration of what awaits us in this blog post, we’ll start with a picture of the current reality. Here are the countries that spent the most on cloud computing technologies in 2019: According to cloud computing growth stats, the industry will grow at a CAGR of 18%. However, cloud engineers do remain some of the most sought-after industry professionals. The cloud system infrastructure services (IaaS) segment is forecast to grow by almost 27 percent in 2021 compared to 2020. The Big Trio in Cloud Computing – AWS, Azure, and Google Cloud, The Stats Are Clear - Our Future Is in the Cloud. Security is costly and not everyone can afford it. 2018 cloud computing statistics from IDC predict a 10.9% growth rate of the demand for servers, Ethernet switches, and enterprise storage solutions. While we are on the subject of money, let’s say a few words about cloud expenses around the world. The ' Cloud Computing Service market' research report now available at MarketStudyReport.com delivers a thorough analysis of the industry trends influencing the global business scenario. Now it’s time to see which industries favor the cloud over traditional data centers. The hosting, storage and computing cloud services market was estimated to be 126 billion U.S. dollars in 2017 and was forecasted to grow to 163 billion U.S. dollars in 2021. Almost every enterprise (84%), which uses a cloud, has a multi-cloud strategy. Between 2016 and 2017, there was a growth of $3.3 billion. The report overtly defines the status of key players in the competitive landscape while including their portfolio and geographical expansion endeavors. 2020 witnessed one of the worst pandemic encountered by humanity, and it changed everything: The way we live, the way we interact, and the way we do business. According to the latest stats and facts about cloud computing, total spending on cloud services pushed through $30 billion in Q2. 25 Must-Know Cloud Computing Statistics in 2020. Usually, enterprises run a more significant part of their workloads in a private cloud (46%) and a smaller portion (33%) in the public cloud. Although SaaS remains the largest segment in cloud computing, IaaS is picking up speed, in terms of revenue. Increased investments in cloud computing aren’t due to high adoption alone. Statistics germane to the overall market revenue, size, and sales volume. Let’s take a look at other estimates, trends, and statistics that indicate how much we’re pivoting to SaaS solutions. Last year – in 2018, the market size was valued at $272 billion. Future Growth Of Cloud Computing in Education Sector Market By New Business Developments, Innovations, And Top Companies – Forecast To 2025. Although the other delivery models are steadily gaining more ground, SaaS is still the most common one. The cloud computing statistics also show the public cloud spend is growing three times faster than the private cloud usage. The latter require technical expertise as the purchaser of the service is responsible for setup and maintenance of the cloud, while the former supplies the technical expertise. The world’s best cloud storage service was released today, called Titanic. Remarkably, the SMB’s cloud budget grows even faster than that – it has more than doubled since 2016. In contrast, the average spending of smaller companies was at $889,000. The growing adoption of cloud services will increase the need for additional IT infrastructure. Toll Free: 1-866-764-2150 That’s why 42% of them say providing access to data anytime, anywhere, is the main driver for cloud adoption. Your email address will not be published. Major highlights from COVID-19 impact analysis: Ask for Discount on Cloud Computing Service Market Report at: https://www.marketstudyreport.com/check-for-discount/3003058?utm_source=groundalerts.com&utm_medium=SK. Global Vertical Farming System or Module Market Size 2020-2026 report covers emerging opportunities in the market and the future impact of major Key vendors and Market driver and, support decisions in making cost-effective business decisions. “The expectations of the outcomes associated with cloud investments therefore are also higher. Impact of COVID-19 pandemic on the growth matrix in the long run. Automation is the key to removing the potential for human error. Although AWS is way ahead of its rivals, both Azure and Google Cloud’s YoY growth is higher. An overview of the development of every regional market as well as their CAGR over the analysis period is stated in the report. Companies employing more than 1,000 people spent an average of $3.5 million. Nearly two-thirds of organizations see security as the biggest challenge for cloud adoption. With more and more corporate data being stored in the cloud (43% in 2017), this poses a security risk. But why exactly are companies starting their journey to … Let’s see how that looks in terms of numbers: Back in 2016, this figure used to be $1.6 million. Each sector plans to spend more than $20 billion on cloud services in 2020. In 2020, the market is expected to grow by approximately 6.1 percent over 2019 levels. First of all, you pay less (or literally nothing) during the months when your website lacks traffic. Upon examining these statistics on cloud computing, it’s clear that multi-cloud and hybrid cloud approaches are not just the future, they’re the current state of affairs. Beyond Cloud Computing Statistics The cloud really is a phenomenon that has changed the world at its most fundamental level. One of the less known cloud computing facts is that more than half of organizations lack staff with cloud experience and this constitutes one of the primary challenges for cloud adoption. Cloud Computing Market Growth Rate, Demands, Status and Application Forecast to 2026 Published: 5 hours ago Author: Ashwin Naphade Category: #news Recently, Market Study Report, LLC, added a research on the ' Cloud Computing market' which encompasses significant inputs with respect to market share, market size, regional landscape, contributing players, and revenue projection of this … Cloud infrastructure spending surpassed $80 billion in 2018. In 2017 that spending was at just $55 billion. More and more businesses adopt the cloud at one point or another. IaaS was in second place with its $39.5 billion for 2019, followed by PaaS with a projected $18.8 billion revenue. According to the report, the Cloud Computing in Healthcare market is projected to reach a value of USDXX by the end of 2027 and grow at a CAGR of XX% through the forecast period (2020-2027). Cloud Computing for Business Operations Market Statistics by Types: Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) and Recovery as a Service (RaaS . This is attributable to the increasing adoption of cloud-based solutions among SMEs to increase efficiency and reduce operational costs. The latter are showing signs of catching up, although it will take them a long time to actually get there. The average savings from cloud migration come to around 15% on all IT spending. 90% of NFPs are using cloud-based email, which seems to be a trend in basically all businesses. Cloud Computing in Healthcare Scenario 2020-2025: This in-depth market research identifies the growth potential of a Cloud Computing in Healthcare, which can help stakeholders understand key Cloud Computing in Healthcare trends and prospects, identify growth opportunities and competition scenarios. 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