5. The global edge computing market size was valued at USD 3.5 billion in 2019, registering a CAGR exceeding 37% from 2020 to 2027. End-user spending on public cloud services in India is forecast to total $4.1 billion in 2021, an increase of 29.4% from 2020, according to Gartner . Here are the top trends in SaaS to look out for in 2020: SaaS Will Grow 10.5% in 2020. HANOI, Vietnam--(BUSINESS WIRE)--Dec 14, 2020--Vietnam’s leading ICT firm, FPT Software, has recently been listed in Gartner’s 2020 Market Guide for Public Cloud … katie.costello@gartner.com, Meghan Rimol Reset Your Business Strategy Amid COVID-19, global CIOs will increase their investment, “Forecast: Public Cloud Services, Worldwide, 2017-2023, 3Q19 Update.”. Since then, the company has launched many updates wit… Worldwide IT spending is projected to total $3.8 trillion in 2021, an increase of 4% from 2020, according to the latest forecast by Gartner, Inc. (Source: Report Linker) According to cloud computing growth stats, the industry will grow at a CAGR of 18%. Software as a service (SaaS) will remain the largest market segment, which is forecast to grow to $116 billion next year due to the scalability of subscription-based software (see Table 1). As numerous migration services are offered by the CSPs, many SMEs and large enterprises are adopting these services to migrate their on-premises workload to cloud. Gartner analysts will provide additional analysis on cloud strategies and infrastructure and operations trends at the Gartner IT Infrastructure, Operations & Cloud Strategies events taking place November 25-26 in London and December 9-12 in Las Vegas. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. Read more We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organizations of tomorrow. Gartner The second-highest growth rate of 21.8 percent will be achieved by cloud application infrastructure services, or platform as a service (PaaS). Gartner estimates the cloud-based security services market will reach close to $9 billion by 2020 (see Table 1). Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. Google’s Cloud Platform is estimated by Gartner to command a public cloud market share of 4%, with annual revenues of $1.3 billion and growth of 60% in 2018. “Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. All rights reserved. AWS has expanded well beyond cloud compute and storage. Follow news and updates from these events on Twitter using #GartnerIO. Gartner Software spending was $456 billion in 2019, and Gartner predicts 10.5% growth in 2020 — making it the fastest growing major IT market. Idc global ict spending forecast cloud market share a look at the the top 10 cybersecurity panies to 331 billion public cloud. Last year – in 2018, the market size was valued at $272 billion. This year could see the Google overtake Alibaba, with Google CEO Sundar Pichai reporting cloud service revenues on track for $8 billion. This growth is attributed to the demands of modern applications and workloads, which is world... Emerging technologies are the top trends in SaaS to look out for 2020... Analysis, trends, & forecasts solution, service model, organization size, analysis, trends, &.... Cybersecurity panies to 331 billion Public cloud service revenue forecast ( Billions of U.S Gartner meghan.rimol @.... 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