Last year – in 2018, the market size was valued at $272 billion. SIEM, IAM and emerging technologies are the fastest growing cloud-based security services segments. Cloud Security Market Size Gartner. Cloud infrastructure spending surpassed $80 billion in 2018. Follow news and updates from these events on Twitter using #GartnerIO. It is expected to reach $50 billion by the end of 2020, up from $31 billion in 2018. Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. To learn more about how we help decision makers fuel the future of business, visit gartner.com. We use cookies to deliver the best possible experience on our website. . Cloud Security Market Size Gartner. Demand for strategic cloud service outcomes signals an organizational shift toward digital business outcomes.”, Gartner clients can read more in the report “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”, Gartner IT Infrastructure, Operations & Cloud Strategies Conference. Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). Gartner analysts discussed cloud security trends during the Gartner Security & Risk Management Summit taking place here through Thursday. “The cloud managed service landscape is becoming increasingly sophisticated and competitive. Katie Costello 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. [154 Pages Report] Hybrid cloud market size, analysis, trends, & forecasts. Adoption of next-generation solutions are almost always ‘cloud-enhanced’ solutions, meaning they build on the strengths of a cloud platform to deliver digital business capabilities.”. In 2021, spending on managed services and cloud infrastructure will make up 8% of total IT spending in India. According to Gartner’s forecast, infrastructure-as-a-service (IaaS) solutions, like cloud storage, will be the fastest-growing segment of the market with 24% predicted growth. Note: Totals may not add up due to rounding. The worldwide public cloud services market is projected to grow 17.3 percent in 2019 to total $206.2 billion, up from $175.8 billion in 2018, according to Gartner, Inc. Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. Nag. As numerous migration services are offered by the CSPs, many SMEs and large enterprises are adopting these services to migrate their on-premises workload to cloud. Follow news and updates from these events on Twitter using #GartnerIO. Last year – in 2018, the market size was valued at $272 billion. In 2020, the public cloud services market is expected to reach around 257.5 billion U.S. dollars in size and by 2022 market revenue is forecast to exceed 362.3 billion U.S. dollars. Currently almost 19 percent of cloud budgets are spent on cloud-related services, such as cloud consulting, implementation, migration and managed services, and Gartner expects that this rate will increase to 28 percent by 2022. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. 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. “The onset of the Covid-19 pandemic was the starting point of the Cloud 2.0 era,” said Sid Nag, research vice president at Gartner. By continuing to use this site, or closing this box, you consent to our use of cookies. Other cloud services, notably Infrastructure as a Service (IaaS) and Platform as a Service (PaaS), will grow faster, as these initially immature technologies have reached the Plateau of Productivity. Within the worldwide public cloud services market, Desktop-as-a-Service (DaaS) is expected to have the most significant growth in 2020, increasing 95.4% to $1.2 billion. This means that license-based software consumption will further plummet, while SaaS and subscription-based cloud consumption models continue their rise. Gartner is the world’s leading research and advisory company. Gartner Software as a service (SaaS) will remain the largest market segment, which is forecast to grow to $116 billion next year due to the scalability of subscription-based software (see Table 1). 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