The Public Cloud Services Market Will Grow Rapidly To $236 Billion In 2020
2020 Sizing Forecast Shows Strong Growth, But With Signs Of Maturity On The Horizon
September 1, 2016
Why Read This Report
Public cloud services are the biggest disruption in the tech market in the past 15 years — and adoption is accelerating. We project that revenue from public cloud platforms, business services, and applications (software-as-a-service [SaaS]) will grow at an overall CAGR of 22% between 2015 and 2020, reaching $236 billion, which is 23% higher than our previous forecast. Further, we now forecast greater adoption of cloud services to replace conventional apps, platforms, and business services. CIOs: Use this forecast to benchmark the pace and shape of your public cloud strategies.
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Table of Contents
- Public Cloud Market Growth Is Accelerating
- Public Cloud Platforms Revenue Will Grow 35% Annually Through 2020
- Cloud Business Services Start To Gain Traction
- Cloud Applications Are The Largest Category, But Growth Is Slowing
- Every Company Needs A Public Cloud Adoption Plan
What It Means
- Cloud Will Be The Dominant Technology Model In 2020
- Supplemental Material
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