An interesting fact is that AWS accounts for 13% of Amazon’s total sales. In contrast, the average spending of smaller companies was at $889,000. Save my name, email, and website in this browser for the next time I comment. The infrastructure service just makes progress faster. Now we can break the industry down a bit more. If it gets adopted this fast, you gotta believe it’s worth using. The report also elaborates on the competitive trends, along with all-inclusive analysis of the industry supply chain. The good thing about the cloud is that it has different products that fit any pocket. If you’ve reached this part of this post, you’re either really curious about the cloud or thinking of migrating toward it. 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). Online backup/recovery – 15% of cloud-related spending. 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. Usually, enterprises run a more significant part of their workloads in a private cloud (46%) and a smaller portion (33%) in the public cloud. Gartner predicts that through 2022 at least 95% of security failures in the cloud will be caused by the customers. Google’s results generally come from more advanced users (24% adoption), while only 9% of beginners start with Google Cloud. To deliver iCloud and other Apple services to consumers. In principle, cloud computing involves two components, a cloud infrastructure and software applications. Once traffic decreases again, the resources are redirected elsewhere, so you don’t have to pay for them in vain. Because of SaaS’s massive adoption, this type of service brings a lot of revenue. 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. 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. Over half of all enterprises (53 %) used the cloud for storing files in electronic form. According to cloud computing growth stats, the industry will grow at a CAGR of 18%. The truth is… if you don’t know why this matters – then you probably won’t see what the big deal is. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. Key highlights from the Cloud Computing Platform as a Service (PaaS) market report: COVID-19 impact on the growth matrix. Small to medium businesses, on the other hand, prefer to use a public cloud (43%), instead of arguably more expensive private solutions (35%). Being the multi-billion companies that they are, the cloud vendors can create top-notch security and multilayered defense mechanisms. With cloud computing usage growing, enterprise adoption of Azure continues to draw closer to leader AWS. However, the growth of private cloud workloads will be slower, at 16% rate during the same period. 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. 2. Nearly two-thirds of organizations see security as the biggest challenge for cloud adoption. 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. Actually, all services see an increase in adoption, year-over-year. We use affiliate links to earn commissions from most of the products reviewed and recommended on our pages. If you do decide to switch after reading this, it will be effortless. The study also delves into the ever-changing competitive scenario by profiling the leading industry players. An overview of the development of every regional market as well as their CAGR over the analysis period is stated in the report. (Source: Forbes) Roughly, 48% went to SaaS, 30% to IaaS, and 21% to PaaS. Disaster recovery (38%), flexibility (37%), and relieving IT staff’s job (36%) are amongst the top answers as well. This article presents recent statistics on enterprises' use of cloud computing services in the European Union (EU). In 2018, AWS marked significant growth. And the thing is – the cloud is likely an adequate alternative to your website hosting. Growth opportunities. We touched upon the most key cloud computing statistics. Nevertheless, 53% of companies aim to increase their cloud security using various techniques – like multi-factor identification, for example. Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. Crucial details regarding the product portfolio, company profile, production patterns, and market remuneration are cited in the study. 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 The weeks before Christmas is when traffic increases immensely. You can see practically all network monitoring tools try to bridge this gap by including more features geared towards the cloud. Required fields are marked *. 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 … This speed of growth is staggering, that much is clear. Toll Free: 1-866-764-2150 Therefore, experts anticipate the disparity between the two to grow. Each sector plans to spend more than $20 billion on cloud services in 2020. 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: © 2020 HOSTINGTRIBUNAL ALL RIGHT RESERVED. This stat comes to show the cloud was already mainstream in 2019. The dossier provides a broad overview of the current market and revenue forecasts for the growth of the cloud computing industry. The companies estimate 27% of their cloud computing budget went to waste in 2019 due to poor management. The Best Online Form Builders to Use for Your Site in 2020, The 11 Best VoIP Providers for Every Occassion. 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. 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. With more and more corporate data being stored in the cloud (43% in 2017), this poses a security risk. While we are on the subject of money, let’s say a few words about cloud expenses around the world. Cloud migration isn’t a security trade-off. They will be the other two industries to feature among the top five spenders in 2022. Based on the type, the cloud computing market is divided into hybrid cloud, private cloud, and public cloud. Statistics germane to the overall market revenue, size, and sales volume. PaaS spending follows with 29.8% CAGR. When a company decides to adopt a cloud service, the main question is “Why?”. Beyond Cloud Computing Statistics The cloud really is a phenomenon that has changed the world at its most fundamental level. All Rights Reserved. The global cloud computing trends show only a minority of companies have devised automated policies to face this issue. Google, however, boasts the best results out of this bunch. We live in an age of BYOD workers and flexible working hours. Furthermore, it covers the latest developments, comprising the COVID-19 pandemic, to help market participants identify the opportunities in this business sphere. Amazon is doing more than great, and AWS earned more than $7.6 billion in Q1 2019 alone. We already know AWS holds almost a third of the market. We already found out the global cloud computing market share. Basically, the only difference is who owns the infrastructure. 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. Google Cloud’s computing services account for 8.5%. Cloud computing services may meet a wide range of other business ICT needs. Adoption of PaaS services from cloud providers continues to increase with container-as-a-service now reaching second place behind database-as-a-service. You own a website that sells Christmas decorations. Privacy and regulatory issues, along with governance and compliance of cloud services worry more than 60% of enterprises. As IaaS and PaaS continue to be used worldwide to achieve diverse goals, we will see these solutions as the most deployed cloud services around the world. Professional services (12.2%), discrete manufacturing (11.8%), and banking (10.6%) account for more than a third of the global expenditure. With cloud computing, this doesn’t happen at all. The cloud computing statistics also show the public cloud spend is growing three times faster than the private cloud usage. Second, when the visitors’ number actually increases, the cloud should immediately provide more resources to give your customers the best experience. First of all, you pay less (or literally nothing) during the months when your website lacks traffic. Among these, the hybrid cloud segment is likely to exhibit the maximum growth rate during the projected period. But why exactly are companies starting their journey to … 6. word processors, spreadsheets, etc. Although SaaS remains the largest segment in cloud computing, IaaS is picking up speed, in terms of revenue. Cloud computing statistics place Microsoft Azure second with 16.8% of the global cloud market. It is also estimated that 56% of all workloads will be in the public cloud by 2018. Only IaaS will see a moderate amount of recession, reaching 16% in 2021. Otherwise, it’s the same thing. Global Help Desk Software Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery According to cloud computing stats, four out of five companies use IaaS, and almost two-thirds (61%) use PaaS. Increased investments in cloud computing aren’t due to high adoption alone. Although AWS is way ahead of its rivals, both Azure and Google Cloud’s YoY growth is higher. This is why, for the last three years, cost-saving has been the priority for companies. Email: [email protected]. How many visitors does your site have from February to October? Now it’s time to see which industries favor the cloud over traditional data centers. It provides insights about the restraints as well as opportunities to assist in better decision making and execute further business expansion. IaaS was in second place with its $39.5 billion for 2019, followed by PaaS with a projected $18.8 billion revenue. Worldwide COVID-19 status and its implications on the economy. More and more businesses adopt the cloud at one point or another. This is a $7.5 billion increase since Q2 of the previous year. 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. The Cloud Computing Service market report covers the key trends overseeing the industry growth across the regional contributors. Numbers don’t lie; the cloud industry is blooming. Furthermore, this service is expected to be the top earner all through 2021. The world’s best cloud storage service was released today, called Titanic. And even just a slow website hurts your bottom line way too much. Almost two-thirds (64%) tried to lower their cloud spending in 2019. Between 2016 and 2017, there was a growth of $3.3 billion. If you use traditional hosting, you pay the hosting company a fixed amount every month. Cloud infrastructure spending surpassed $80 billion in 2018. Cloud computing statistics show security is one of the main concerns for companies, and it does appear they’ve taken precautions. According to statistics on cloud computing trends, on-premises hosted servers will see a drop in workload from 37% to 27%. Geographically, the Cloud Computing Service market is bifurcated into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America. 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. It’s massive, right? Almost every enterprise (84%), which uses a cloud, has a multi-cloud strategy. ). Of course, there is much more nuance in cloud growth. Azure earned Microsoft a total of $3.4 billion for the same period. Cloud Computing ist ein aktueller Trend in Unternehmen. 6. 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 . Der Anteil der Unternehmen in Deutschland, die im Jahr 2019 Cloud-Lösungen einsetzen beträgt 76 Prozent. The latter are showing signs of catching up, although it will take them a long time to actually get there. Companies can benefit from the built-in cloud security. This can only mean companies set aside a lot of funds to spend on cloud services. But 50% of these companies are also using cloud computing apps as well. Remarkably, the SMB’s cloud budget grows even faster than that – it has more than doubled since 2016. Revenue and the volume predictions of each product type are validated. 30% of all IT budgets were allocated to cloud computing in 2018. Just two years ago, in 2017, this figure was about half that – $154 billion. This is attributable to the increasing adoption of cloud-based solutions among SMEs to increase efficiency and reduce operational costs. Let’s see how that looks in terms of numbers: Back in 2016, this figure used to be $1.6 million. 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. “Cloud is about how you do computing, not where you do computing.” – Paul Maritz, CEO of VMware. 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. Gartner’s forecast predicts the revenue from SaaS alone in 2021 will be $113.1 billion. This growth is a torch passed by years of steady growth. Cisco predicts that SaaS, software as a service, solutions will account for more th… Global Video Gaming Hardware Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery 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%. 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. Although the other delivery models are steadily gaining more ground, SaaS is still the most common one. Its revenue has grown by 75% since Q1 2018. Azure usage also grew, especially among enterprises. Market Study Report LLC Elaborating on the application spectrum, the Cloud Computing Service market is fragmented into. The Cloud Computing Service market report covers the key trends overseeing the industry growth across the regional contributors. Although saving money is a good incentive, it’s not the main reason. Also known as AWS, Amazon’s cloud computing division has been the leader in the cloud industry market for several years now. 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. Let’s take a look at other estimates, trends, and statistics that indicate how much we’re pivoting to SaaS solutions. 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. It has actually become a big part of companies’ cloud expenses. This stat summarizes the future of the Web. 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. According to Gartner, the cloud computing market is expected to grow at a steady CAGR of 17% between 2019 and 2020. With that taken care of, let’s continue with our stats. (Source: Canalys) This gives you some idea of the size of the industry, doesn’t it? “The expectations of the outcomes associated with cloud investments therefore are also higher. Last year – in 2018, the market size was valued at $272 billion. 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.