Trends Report

The Public Cloud Market Is Now In Hypergrowth

Sizing The Public Cloud Market, 2014 To 2020

April 24th, 2014
Andrew Bartels, null
Andrew Bartels
John Rymer, null
John Rymer
James Staten, null
James Staten
With contributors:
Khalid Kark , Joanna Clark , Dominique Whittaker

Summary

Public cloud services continue to drive big changes in the markets for software, hardware, and IT outsourcing, while providing a foundation for age of the customer innovations. How much and when will cloud transform these markets? In this research, we project that the public cloud market will reach $191 billion by 2020, from 2013's total of $58 billion. Cloud applications, at $133 billion in 2020, are leading this growth; cloud platforms will generate $44 billion in revenue by 2020; and cloud business services will come in at $14 billion. Much of this growth is initiated by line of business and marketing and strategy leads, but CIOs and their technology management organizations are increasingly expected to be driving these initiatives. For CIOs, the message is clear: "Shift into the driver seat, or others will."

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.