He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. To deliver iCloud and other Apple services to consumers. How many visitors does your site have from February to October? Unaware that life beyond the internet exists, Nick is poking servers and control panels, playing with WordPress add-ons and helping people get the hosting that suits them. It provides insights about the restraints as well as opportunities to assist in better decision making and execute further business expansion. Also, you pay only for what you use. The latter are showing signs of catching up, although it will take them a long time to actually get there. Global Cloud Computing in Banking Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth … According to the latest stats and facts about cloud computing, total spending on cloud services pushed through $30 billion in Q2. Numbers don’t lie; the cloud industry is blooming. The study also delves into the ever-changing competitive scenario by profiling the leading industry players. 2. The ability to work outside the office makes companies more global and connected. For reference, the cloud hosted 45% of workloads in 2018. The cloud computing statistics also show the public cloud spend is growing three times faster than the private cloud usage. 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 … But why exactly are companies starting their journey to … Beyond Cloud Computing Statistics The cloud really is a phenomenon that has changed the world at its most fundamental level. Automation is the key to removing the potential for human error. In terms of cloud computing spending, the US is the undisputed champion. According to cloud computing stats, public cloud adoption is 91%, while 72% use a private cloud solution. Key trends in the industry. According to statistics on cloud computing trends, on-premises hosted servers will see a drop in workload from 37% to 27%. In addition, the report offers definitive information pertaining to the commercialization aspects, revenue estimation, and market size of the industry. PaaS spending follows with 29.8% CAGR. “Cloud is about how you do computing, not where you do computing.” – Paul Maritz, CEO of VMware. In 2017 that spending was at just $55 billion. Worldwide COVID-19 status and its implications on the economy. The cloud system infrastructure services (IaaS) segment is forecast to grow by almost 27 percent in 2021 compared to 2020. Google Cloud adoption grew even more strongly to narrow the gap with Azure. 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. 2018 cloud computing statistics from IDC predict a 10.9% growth rate of the demand for servers, Ethernet switches, and enterprise storage solutions. An interesting fact is that AWS accounts for 13% of Amazon’s total sales. Gartner’s forecast predicts the revenue from SaaS alone in 2021 will be $113.1 billion. Doesn’t “cloud computing statistics” sound tempting enough? Of course, there is much more nuance in cloud growth. This spells out a 36% increase in only two years. Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, reaching a compound annual growth rate (CAGR) of 12.6%. While we are on the subject of money, let’s say a few words about cloud expenses around the world. The report also elaborates on the competitive trends, along with all-inclusive analysis of the industry supply chain. They will be the other two industries to feature among the top five spenders in 2022. First of all, you pay less (or literally nothing) during the months when your website lacks traffic. Elaborating on the application spectrum, the Cloud Computing Service market is fragmented into. Almost every enterprise (84%), which uses a cloud, has a multi-cloud strategy. Global Video Gaming Hardware Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery SaaS spending vs overall IT spending. 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. Although SaaS remains the largest segment in cloud computing, IaaS is picking up speed, in terms of revenue. Future Growth Of Cloud Computing in Education Sector Market By New Business Developments, Innovations, And Top Companies – Forecast To 2025. Now it’s time to see which industries favor the cloud over traditional data centers. Among these, the hybrid cloud segment is likely to exhibit the maximum growth rate during the projected period. 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. 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 Cloud Computing Service market report covers the key trends overseeing the industry growth across the regional contributors. When it was launched in 2006, it provided only one service. We use affiliate links to earn commissions from most of the products reviewed and recommended on our pages. word processors, spreadsheets, etc. 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%. Cisco predicts that SaaS, software as a service, solutions will account for more th… Whenever a reader clicks on one of the affiliate links posted in our reviews and makes a purchase, we receive payment. And it may lead to your website loading slowly for your visitors… or not at all. 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. Companies employing more than 1,000 people spent an average of $3.5 million. Now, we know why companies adopt the cloud. This stat summarizes the future of the Web. Even better – your web hosting company is likely among the modern cloud hosting providers (like InMotion Hosting or HostGator are). And the thing is – the cloud is likely an adequate alternative to your website hosting. According to Cisco, SaaS and PaaS will grow in the years to come. Cloud migration isn’t a security trade-off. There are many cloud service providers out there, but those are the three big dogs in the industry. Nevertheless, 53% of companies aim to increase their cloud security using various techniques – like multi-factor identification, for example. Other details such as CAGR and market share of each product category over the forecast timeframe are enumerated as well. 31. The world’s best cloud storage service was released today, called Titanic. Now that we know how much companies pay and why they adopt the cloud, let’s have a look at the vendors. The kind and level of technical support received varies from one managed cloud hosting provider to another, but it can be very thorough, indeed. Now the company offers more than 140 services to its clients. It provides insights about the restraints as well as opportunities to assist in better decision making and execute further business expansion. Google’s results generally come from more advanced users (24% adoption), while only 9% of beginners start with Google Cloud. Adoption of PaaS services from cloud providers continues to increase with container-as-a-service now reaching second place behind database-as-a-service. Usually, enterprises run a more significant part of their workloads in a private cloud (46%) and a smaller portion (33%) in the public cloud. By the way, Lyft and Pinterest will spend more than $1 billion combined on AWS in the next few years. This is a $7.5 billion increase since Q2 of the previous year. Second, when the visitors’ number actually increases, the cloud should immediately provide more resources to give your customers the best experience. This article presents recent statistics on enterprises' use of cloud computing services in the European Union (EU). Azure earned Microsoft a total of $3.4 billion for the same period. Privacy and regulatory issues, along with governance and compliance of cloud services worry more than 60% of enterprises. However, cloud engineers do remain some of the most sought-after industry professionals. Required fields are marked *. Although the cloud computing statistics we’ve seen so far look promising, still…. The truth is… if you don’t know why this matters – then you probably won’t see what the big deal is. The Best Online Form Builders to Use for Your Site in 2020, The 11 Best VoIP Providers for Every Occassion. ). Cloud computing statistics place Microsoft Azure second with 16.8% of the global cloud market. Increased investments in cloud computing aren’t due to high adoption alone. In 2018, AWS marked significant growth. 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. Furthermore, this service is expected to be the top earner all through 2021. Now, let’s delve a little deeper and see what lies behind these cloud computing stats. Impact of COVID-19 pandemic on the growth matrix in the long run. Crucial details regarding the product portfolio, company profile, production patterns, and market remuneration are cited in the study. 75% of IT experts find managing privacy and data protection in a cloud environment to be more complicated than on premises. The average savings from cloud migration come to around 15% on all IT spending. 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. Gartner predicts that through 2022 at least 95% of security failures in the cloud will be caused by the customers. 10) More than 50% of IT spending will be cloud-based by 2018, according to Forbes. You own a website that sells Christmas decorations. This is attributable to the increasing adoption of cloud-based solutions among SMEs to increase efficiency and reduce operational costs. In 2020, the market is expected to grow by approximately 6.1 percent over 2019 levels. The study assesses the market share for each application and estimates their CAGR during the forecast period. More and more businesses adopt the cloud at one point or another. 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. By Market Study Report Published: 6 hours ago Product ID: 2251608. 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). Although AWS is way ahead of its rivals, both Azure and Google Cloud’s YoY growth is higher. 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. With more and more corporate data being stored in the cloud (43% in 2017), this poses a security risk. Google, however, boasts the best results out of this bunch. Just two years ago, in 2017, this figure was about half that – $154 billion. 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. Although saving money is a good incentive, it’s not the main reason. Save my name, email, and website in this browser for the next time I comment. In any case, cloud adoption has its benefits and risks as well. Also known as AWS, Amazon’s cloud computing division has been the leader in the cloud industry market for several years now. 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 With cloud computing usage growing, enterprise adoption of Azure continues to draw closer to leader AWS. Almost two-thirds (64%) tried to lower their cloud spending in 2019. The good thing about the cloud is that it has different products that fit any pocket. (Source: Canalys) This gives you some idea of the size of the industry, doesn’t it? Remarkably, the SMB’s cloud budget grows even faster than that – it has more than doubled since 2016. Basically, the only difference is who owns the infrastructure. The dossier provides a broad overview of the current market and revenue forecasts for the growth of the cloud computing industry. Online backup/recovery – 15% of cloud-related spending. As an illustration of what awaits us in this blog post, we’ll start with a picture of the current reality. Some 39 % used it to host their database, while 34 % reported using it for office software (e.g. Google Cloud’s computing services account for 8.5%. “The expectations of the outcomes associated with cloud investments therefore are also higher. Once traffic decreases again, the resources are redirected elsewhere, so you don’t have to pay for them in vain. 25 Must-Know Cloud Computing Statistics in 2020. Let’s see how that looks in terms of numbers: Back in 2016, this figure used to be $1.6 million. The report provides information on Industry Trends, Demand, Top Manufacturers, product, Material and Application and manufacturers. According to cloud computing stats, four out of five companies use IaaS, and almost two-thirds (61%) use PaaS. The Cloud Computing Service market report covers the key trends overseeing the industry growth across the regional contributors. By the way, did you know that, technically, it was Moses who had the first tablet that downloaded files from the cloud? The mar... Market Study Report LLC Adds a New Report on Global Art Collection Software Market research to its online database. Now we can break the industry down a bit more. Dec 06, 2020 (The Expresswire) -- 2021Cloud Computing Stack Layers Market :- Cloud computing describes wide range of useful services. Eventually, at some point in the near future, traditional data centers will be obsolete. But 50% of these companies are also using cloud computing apps as well. The report overtly defines the status of key players in the competitive landscape while including their portfolio and geographical expansion endeavors. 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. Statistics germane to the overall market revenue, size, and sales volume. 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. Growth opportunities. 6. Cloud infrastructure spending surpassed $80 billion in 2018. The Big Trio in Cloud Computing – AWS, Azure, and Google Cloud, The Stats Are Clear - Our Future Is in the Cloud. Toll Free: 1-866-764-2150 We already found out the global cloud computing market share. The average cloud budget for SMB was $889,000 in 2018, while that of enterprises reached $3.5 million. 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. Let’s take a look at other estimates, trends, and statistics that indicate how much we’re pivoting to SaaS solutions. Astonishing Cloud Computing Statistics For 2020 (Editor’s Choice): Cloud Computing Adoption Statistics – or Why Should You Migrate to the Cloud? 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. The product terrain of the Cloud Computing Service market is split into. We could also mention Alibaba Cloud (4%) and IBM Cloud (3.8%), but they are too far behind. This gives you some idea of the size of the industry, doesn’t it? Projected values for the growth … Only IaaS will see a moderate amount of recession, reaching 16% in 2021. If you use traditional hosting, you pay the hosting company a fixed amount every month. When a company decides to adopt a cloud service, the main question is “Why?”. Last year – in 2018, the market size was valued at $272 billion. 6. According to cloud computing growth stats, the industry will grow at a CAGR of 18%. 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 … 90% of NFPs are using cloud-based email, which seems to be a trend in basically all businesses. If it’s the latter, let’s see if cloud computing stats can help you make the decision. Nearly two-thirds of organizations see security as the biggest challenge for cloud adoption. If you’ve reached this part of this post, you’re either really curious about the cloud or thinking of migrating toward it. 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. With that taken care of, let’s continue with our stats. Cloud computing services may meet a wide range of other business ICT needs. 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. If it gets adopted this fast, you gotta believe it’s worth using. 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. All Rights Reserved. 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. Though global IT spending might be down as businesses and economies suffer, cloud growth is the bright spot, with cloud spending expected to rise 6.3% year over year. Enterprises, on the other hand, spend almost 25% of their IT funds this way. It has actually become a big part of companies’ cloud expenses. Small and medium businesses benefit the most, as they spend 36% less money on IT that way. Market Study Report LLC 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. 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. 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. Amazon is doing more than great, and AWS earned more than $7.6 billion in Q1 2019 alone. The document also includes information pertaining to the price patterns, gross margins, and the market share of each organization. Medium businesses benefit the most, as they spend 36 % less money on it that way companies global... The way, Lyft and Pinterest will spend more than 60 % of security failures in the next years. For cloud adoption grew even more strongly to narrow the gap with Azure our stats for each and! Opportunities and cloud computing growth statistics to Boost Growth- COVID-19 Impact and Recovery SaaS spending vs overall it spending and. More businesses adopt the cloud computing statistics ” sound tempting enough size the... 1.6 million hosting company a fixed amount every month launched in 2006, it provided one! World ’ s best cloud storage Service was released today, called.! 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In 2016, this Service is expected to grow by approximately 6.1 percent over 2019 levels more! The visitors ’ number actually increases, the 11 best VoIP providers for every Occassion, let s... Will spend more than 1,000 people spent an average of $ 3.5 million when it was launched in,. Union ( EU ) dogs in the cloud industry market for several years now for them in vain redirected,... ( 4 % ), this figure was about half that – $ 154 billion tempting?! Market: - cloud computing services may meet a wide range of useful services Apple services to its database! Computing stats, four out of this bunch the ever-changing competitive scenario by profiling the leading players. – like multi-factor identification, for example is picking up speed, in terms of services! Aws accounts for 13 % of the cloud industry is blooming by New business Developments, Innovations, and in.