Forecast Report

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 1st, 2016
With contributors:
Andras Cser , Cheryl McKinnon , Heidi Shey , Noel Yuhanna , Christopher Mines , Milan Hanson , Henry Peyret , Art Schoeller , Rachael Klehm , Ian McPherson

Summary

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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