July 19, 2022. Global spending on public cloud services will come close to $500 billion this year, according to research firm Gartner. Gartner is predicting the worldwide public cloud services market will grow from In 2023, Gartner predicts end-user spending on public cloud computing will reach nearly $600 billion. Cloud Services Market Dominance: Those Big Three public cloud service providers (CSPs) now control a combined 62% of the market, which is up from a 58% combined market share as of Q3 of 2022. Gartner predicts global public cloud spending to grow at a rate of 21.7% to reach $482 billion in 2022, up from $396 billion this year. Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. Look for end-user spending growth on infrastructure as a service (IaaS) this year to be The amounts at stake being always more important, it becomes critical for companies to better understand and optimize the use of resources. Global spending on public cloud services, meanwhile, is expected to rise more than 20 per cent annually to $495bn this year nearly $84bn more than what was spent in 2020 and hit $600bn. According to Sid Nag, research vice president at Gartner, The IDC Worldwide Semiannual Public Cloud Services Tracker estimates worldwide public cloud services market, including Infrastructure as a Service (IaaS), System Infrastructure Software as a Service (SISaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), at US$312 billion, up 24.1% from 2020.. Global end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021. The events of last year allowed CIOs to overcome any reluctance of moving mission critical workloads from on-premises to the cloud, said Sid Nag, research vice president [] This is according to the latest forecast from Gartner, Inc, which further forecast that in 2023, end-user spending is expected to reach nearly $600 billion. What this means in terms of a dollar amount is that $917 billion of the predicted $1.8 trillion of enterprise IT spending in 2025 will go on public cloud solutions. SaaS end-users spending stood at USD 102.7 billion in 2020 and is forecast to reach USD 122.6 billion in 2021 and USD 145.3 billion by 2022. In 2023, Gartner expects spending to reach nearly $600 billion. Public Cloud Spending to Near $500B in 2022. The following graphic compares the growth rates of public cloud services between 2020 and 2021. , Apr 20, 2022. According to the analyst firm, public cloud will account for more than half of global enterprise IT spending by 2025. Public cloud spending by end users is expected to grow to $332.3 billion in 2021 a 23% increase from $270 billion in 2020. Full-year spending figures for 2021 were $73.9 billion for cloud infrastructure up 8.8 percent compared with 2020 and $59.6 billion for non-cloud infrastructure up 4.2 percent versus 2020. Overall Cloud Services Spending: Worldwide cloud infrastructure services spending reached $55.9 billion in Q1 of 2022, up 34% compared to Q1 of 2021. The actual spending on the public cloud, on average, was 13% higher as compared to the budgeted costs. This is the highest annual growth rate since 2018, the firm notes. Covid-19 propelled enterprises to the cloud, and this trend will continue in 2022. Register today! If 2021 was any indication, demand for cloud computing will continue to expand in 2022. Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. Public cloud service and infrastructure markets hit $126 billion for the first quarter of 2022, growing 26% year over year. This would represent a 31.8% growth compared to 2021s $14.2 billion The increasing use of public cloud is driving up cloud spend for organizations of all sizes, and public cloud spend is now a significant line item in IT budgets. Cloud system infrastructure services (IaaS) is forecast to record the highest growth this year (39.4 per cent), followed by cloud application infrastructure services (PaaS). In 2021, SaaS end-user spending will grow by $19.8bn, creating a $122.6bn market this year. Gartner also underscored that the surge in public cloud adoption triggered by the pandemic this year will continue through to 2025. The end-user spending on public cloud in India is likely to reach $7.5 billion in 2022 growing 29.3 per cent from 2021, a Gartner report said on Tuesday. The worldwide public cloud computing market continues to grow and is expected to reach an estimated 495 The end-user spending on public cloud in India is likely to reach $7.5 billion in 2022 growing 29.3 per cent from 2021, a Gartner report said on Tuesday. According to Gartners latest forecast, worldwide cloud spending is expected to reach $332.3 billion in 2021, which is an increase of 23.1% from 2020 ($270 billion).. Fahmida Y Rashid writes for VentureBeat on major cloud spending trends in 2021 and 2022 based on Gartners predictions. For the year 2022, IDC predicts that cloud infrastructure spending will increase by 22% compared to 2021 and will reach $90.2 billion. According to predictions from Gartner, global spending on cloud services is expected to reach over $482 billion in 2022, up from $313 billion in 2020. The big three hyperscale public cloud providers Amazons AWS, Microsoft Azure and Google Cloud have been the biggest beneficiaries of this growth. The pandemic was a tipping point for Indian businesses to realize the true [] Cloud is an essential component of infrastructure modernization for retailers to become resilient and remain competitive. SaaS Leads the Public Cloud Market. The surge of public cloud services will continue in 2022, and nearly capture $495 billion in Spending on public cloud services in Australia is expected to be $18.7 billion in 2022, according to Gartners latest forecast. Read Public cloud services adoption has accelerated since the onset of the global pandemic. Thirty-seven percent of enterprises said their annual spend exceeded $12 million and 80 percent reported that cloud spend exceeds $1.2 million per year. Get in touch with us now. The analyst house predicted global public cloud spending will rise 20.4% in 2022 to a total of $494.7 billion, up from $410.9 billion in 2021. Public cloud spending will exceed 45% of all enterprise IT A recent report by Gartner indicates that the continuing explosion of public cloud services in 2022 will result in a Global end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021. In 2023, end-user spending is expected to reach nearly $600 billion. Worldwide end-user spending on public cloud services is forecast to grow 20.4 per cent in 2022 to total $494.7bn, up from $410.9bn in 2021, according to Garter predicts worldwide end-user spending on public cloud services will jump from $242.6B in 2019 to $692.1B in 2025, attaining a 16.1% Compound Annual Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. In 2023, end-user spending is expected to reach nearly $600 billion. It should be used as a companion piece for IDC's Worldwide Public Cloud Services Spending Guide data deliverables. March 21, 2022. One key prediction from this IDC report is that the strong demand for shared (public) cloud infrastructure will see the level of spending here overtake spending on non-cloud infrastructure Worldwide spending on public cloud services is expected to reach $332.3 billion in 2021, an increase of 23.1% from 2020, according to the Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in Public cloud spending is on the rise as service and infrastructure markets hit $126 billion for the first quarter of 2022. This is according to the latest forecast from Gartner, Inc, which further forecast that in 2023, end-user spending is expected to reach nearly $600 billion. Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. The countrys public cloud services end-user spending is forecast to total $7.3 billion in 2022, up 29.6% from the previous year. According to the latest update of the IDC Worldwide Public Cloud Services Spending Guide, enterprises are now implementing a mechanism to shift to cloud-centric infrastructure and applications, leading to year-on-year expected growth of 28.8 per cent in 2021 for public cloud services and estimated to reach USD124 billion by 2025 for the region. Thats more than a 20% increase from 2021, where spending totaled almost $411 billion. Abstract. Spending in Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) will represent the biggest fraction of that revenue. Software as a service (SaaS) remains the dominant market segment in 2020, making up 36% of all public cloud services revenue. Global end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021. Here are the key points: Emerging technologies like containerization, End-user spending on public cloud services in India is forecast to total $7.3 billion in 2022, an increase of 29.6% from 2021, according to a recent forecast by Gartner. This IDC study provides a detailed description of IDC's methodology and taxonomy for the segmentation of public cloud services by industry and company size, which is consistent across IDC's worldwide vertical research. End-user spending on public cloud services in India is forecast to total $7.3 billion in 2022, an increase of 29.6% from 2021, according to a Worldwide public cloud end-user spending is expected to reach $332.3 billion in 2021 and over $397,4 billion in 2022. See what's driving the growth: Public Cloud Service: 2020: 2021: 2022: Cloud Business Process Services (BPaaS) 46,131: 50,165: 53,121: Cloud Application Infrastructure Services (PaaS) 46,335: 59,451: In 2023, end-user spending is expected to reach nearly $600 billion. The fact that emerging technologies, such as edge computing and virtualization, enter the mainstream is an additional and Public cloud spending grows 26% for Q1. In 2023, end-user spending is expected to reach nearly $600 billion. Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. Specifically, Gartner predicts spending on public cloud services will increase by 21.7 percent in 2022; by 2026, it will account for more than 45 percent of all IT spending. Higher demand Gartner predicts end-user spending on public cloud services to reach US$ 482 billion in 2022. Spending on SaaS cloud services is predicted to reach $122.6B this year, growing to $145.3B next year, attaining 19.3% growth between 2021 and 2022. In contrast, investments in non-cloud infrastructure increased by just 1.5 percent year-on-year during 4Q21 to $17.2 billion. Global public cloud end-user spending to grow 20.4% in 2022 Gartner IaaS is forecast to experience the highest end-user spending growth, while SaaS is set to remain the largest segment. Dan Robinson Wed 20 Apr 2022 // 11:45 UTC. Manufacturing ($19.7 billion), professional services ($18.1 billion), and banking ($16.7 billion) are the leading industry verticals in terms of Global spending on public cloud grew by 26% to reach $126bn in the first quarter of 2022, new figures show, with infrastructure as a service (IaaS) and platform as a service (PaaS) seeing the steepest increases.. In todays increasingly digital world, the way s a business approaches its cloud computing strategy is paramount. >Cloud adoption was already expanding for IaaS, DaaS and PaaS to will witness the highest spending growth this year, according to Gartner. Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, attaining a compound annual growth rate (CAGR) of 12.6%. In 2023, end-user spending is expected to reach nearly $600 billion. Spending on Infrastructure-as-a-Service (IaaS) is predicted to increase from $30.5B in 2018 to $38.9B in 2019, growing 27.5% in a year. 2022 to bring close to $500B in public cloud spending. Worldwide end-user spending on public cloud services is forecast to grow 20.4 percent year-over-year in 2022 to $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from market-research firm Gartner, Inc. The average Spend per Employee in the Public Cloud market is projected to reach US$1,199.00 in 2022. Looking ahead to the rest of this year, IDC said it expects to see total cloud infrastructure spending to grow by 21.7 percent during 2022, reaching an estimated $90 billion. Platform-as-a-Service (PaaS) spending is predicted to grow [] According to Gartner, global public cloud spending is forecast to reach $474 billion in 2022, up from $408 billion in 2021. Public cloud service and infrastructure markets hit $126 billion for the first quarter of 2022, growing 26% year over year. Considering that public cloud spending only accounted for 17 percent of enterprise IT spending in 2021, this is a significant increase. Public Cloud Services spending in Europe will total $113 billion in 2022 and double to $239 billion by 2026, according to the Worldwide Public Cloud Services Spending Guide released by IDC. 17. These and many other insights are from Gartner Forecasts Worldwide Public Cloud End-User Spending to Grow 23% in 2021. Public Cloud Services Spending Is Projected to Grow in the Future In 2020, the combined end-user spending on cloud services totaled $270 billion. Spending on traditional IT infrastructure is expected to rise 1.8% to $60.7 billion. The analyst house predicted global public cloud spending will rise 20.4% in 2022 to a total of $494.7 billion, up from $410.9 billion in 2021. Software as a service will Cloud is the powerhouse that drives todays digital organizations, said Sid Nag, [] Worldwide end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021, according to the latest forecast from Gartner, Inc. Well, this is one good news that needs to be absorbed by some degree of concern as well. Gartner has forecasted that worldwide end-user spending on public cloud services will grow 18.4% to a total of $304.9 billion in 2021 The need to facilitate remote and hybrid-based working is set to play a key role in cloud investment. Public Cloud Soaring To $331 Billion By 2022, According to Gartner. By the end of 2022, the US will have leapfrogged all other countries in terms of cloud adoptionby several years! A Gartner study revealed that the public cloud sector is expected to soar to $331 billion by 2022. Getty Images. Platform-as-a-Service (PaaS) spending is predicted to grow [] Spending on SaaS cloud services is predicted to reach $122.6B this year, growing to $145.3B next year, attaining 19.3% growth between 2021 and 2022. Read the blog for additional takeaways from the latest Synergy Research Group report. Software-as-a-service (SaaS) remains the largest public cloud services market segment and is expected to reach $176.6 billion in end-user spending in 2022. In global comparison, most revenue will be generated in the United States (US$201.40bn in 9. Public cloud services have become so integral that providers are now forced to address social and political challenges, such as sustainability and data sovereignty, he added. In 2022, more than $1.3 trillion in enterprise IT spending is at stake from the shift to cloud, growing to almost $1.8 trillion in 2025, according to Gartner. Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) spending saw the biggest growth, reaching 36% The analyst house predicted global public cloud spending will rise 20.4% in 2022 to a total of $494.7 billion, up from $410.9 billion in 2021. In 2023, end-user spending is expected to reach nearly $600 billion. Cloud Computing is Considered as Number 1 In-Demand Hard Skill. Gartner projects that global end-user spending on public cloud services will approach a massive $495 billion in 2022. March 21, 2022. Global spending on public cloud services are expected to hit $214.3 billion, up 17.5 percent, according Gartner. The analyst house predicted global public cloud spending will rise 20.4% in 2022 to a total of $494.7 billion, up from $410.9 billion in 2021. While cloud computing was gaining traction prior to COVID-19, Dinsdale said he expects enterprise spending on cloud infrastructure services to race past the $200 billion milestone in 2022. Cloud system infrastructure services (IaaS) is forecast to record the highest growth this year (39.4 per cent), followed by cloud application infrastructure services (PaaS). Cloud is the powerhouse that drives todays digital organizations, said Sid Nag, [] Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, attaining a compound annual growth rate (CAGR) of 12.6%. Considering the previous year-to-year growth and that statistic, this sector registered an impressive 21% growth. In today's increasingly digital world, the way s a business approaches its cloud computing strategy is paramount. These and many other insights are from Gartner Forecasts Worldwide Public Cloud End-User Spending to Grow 23% in 2021. Spending continued to consolidate in Growing uptake of cloud-native infrastructure services is identified as one of the key drivers, but the trend towards hybrid work scenarios driven by the pandemic is also playing a part. In 2023, end-user spending is expected to reach nearly $600 billion. Ongoing disruption to IT markets by cloud will be amplified by the introduction Global end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020 says, Gartner. Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020, according to the latest forecast. Cloud adoption was already expanding for several years and has been accelerated by the pandemic. During the year 2022, it is expected that on average, the total spend on cloud solutions and services could exceed 29% of the budgeted costs. Spending on Infrastructure-as-a-Service (IaaS) is predicted to increase from $30.5B in 2018 to $38.9B in 2019, growing 27.5% in a year. SaaS, the largest segment of public cloud spending at 36.9% this year, is forecast to grow 19.3% this year. This IDC Survey Spotlight illustrates worldwide retailers' spending more than expected on public cloud infrastructure services. The end-user spending on public cloud in India is likely to reach $7.5 billion in 2022 growing 29.3 per cent from 2021, a Gartner report said on Tuesday. Cloud system infrastructure services (IaaS) is forecast to record the highest growth this year (39.4 per cent), followed by cloud application infrastructure services (PaaS). Global end-user spending on public cloud services is forecast to grow 20.4% in 2022 to total $494.7 billion, up from $410.9 billion in 2021. Gartner predicts the worldwide public cloud service market will grow from $182.4B in 2018 to $331.2B in 2022, attaining a compound annual growth rate (CAGR) of 12.6%. The end-user spending on public cloud in the Mena region will total $5.8 billion in 2022, Gartner predicted. Gartner has forecasted that global public cloud end-user spending will grow 20.4% to total $494.7 billion in 2022 But as a post-pandemic world begins to take shape, new trends in cloud usage are beginning to take shape. At a global scale, companies are investing heavily. Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) spending saw the biggest growth, reaching 36% for the first quarter, or more than $44 billion.