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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