Through it all, infrastructure as a service shines, with Gartner projecting 13.4% growth, reaching $50.4 billion this year and $64.3 billion in 2021. According to Gartner, global public cloud spending is forecast to reach $332.3 billion in 2021, increasing by 23.1% from $270 billion in 2020. It was "stealing money from other lines" in that it avoided spending on servers, networking, and storage and so on. Revenue for the category will surpass $7.2 billion in 2022, up from $5.5 billion in 2021. The 2016 Cloud Market. Gartner expects total global spending on cloud services to hit roughly $332 billion by the end of the year, up from $270 billion in 2020. Worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020, according to Gartner, Inc. "The pandemic validated cloud's value proposition," said Sid Nag, research vice president at Gartner. The size of the 2016 cloud market, from that same Gartner study, is about $734 billion. We are also automating data processing with Spark on Google Cloud, which enables developers to spend less time on infrastructure management and more time on data science, . Chennai - June 19, 2018. Spending on public cloud services in Australia is expected to increase by 18.4 percent over 2020 to reach $10.6 billion, according to a new report from Gartner. End-user spending on public cloud services in the Middle East and North Africa will total $5.7 billion in 2022, an increase of 19.2%, according to the latest forecasts by Gartner. Global spending on public cloud services is forecast to reach US$332.3 billion by the end of 2021, an increase of 23.1 per cent from a year ago, following a push for the technology driven by the coronavirus pandemic. The market analysts are saying that the market will grow by 18.4 . Table 1. We believe the report evaluated Google's unified capabilities across both transactional and analytical use cases, and showcases innovation progress in areas like data management . IT spending in India is expected to touch $101.8 billion in 2022, stated Gartner. Ramco Systems positioned in 2018 Gartner Magic Quadrant for Cloud Core Financial Management Suites. Of course, there is much more nuance in cloud growth, especially since so many businesses and organizations around the world have adopted the work from . It was released last month. The fastest growing segment is cloud security at 42% ($840 million). BENGALURU: End-user spending on public cloud services in India is forecast to total $7.3 billion in 2022, an increase of 29.6% year-o, according to a recent forecast by Gartner, Inc. It is an increase of 7 per cent from 2021. In January Gartner had . Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from . Spending on knowledge management software will grow by 31.5% next year, making it the fastest growing category across AI software, according to Gartner projections. Gartner forecasts end-user spending on public cloud services to reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022 (see Table 1). Two market segments are expected to rebound in 2021. Worldwide end-user spending on public cloud services is forecast to grow 23.1 per cent in 2021 to total $332.3bn, up from $270bn in 2020, according to the latest forecast from Gartner. The forecast, " Public Cloud Services, Worldwide, 2019-2025, 1Q21 Update," by the market research and advisory firm Gartner says end-user spending on the public cloud is being driven by IT shifts from the COVID-19 pandemic and other technologies, such as containerization, virtualization and edge computing. End-user spending on global data center infrastructure is projected to climb to $200 billion in 2021, up 6 percent from 2020, according to the latest forecast from Gartner. Gartner Forecasts Australian Public Cloud End-User Spending to Grow 18.2% in 2021. Spending on cloud security will reach $30 mn ( 250.3% growth). Cloud software spending grew a stunning 23% in 2021, from $270 billion to $330 billion. While Software as a Service (SaaS) makes up the largest market segment at $116 billion, the fastest growing portion of cloud spend will continue to be Infrastructure . A recent report from Gartner - "How to Identify Solutions for Managing Costs in Public Cloud IaaS" - identifies the three key challenges to managing cloud costs, and makes recommendations about how best to evaluate cloud service expense management (CSEM) solutions to overcome these challenges. Software spending is expected to increase by 10%, ahead of IT services, which Gartner has forecast to grow by 8.2%. Gartner projects that by 2024, cloud will make up to 14.2% of total global enterprise IT spending. The proportion of IT spending that is shifting to cloud will accelerate in the aftermath of the COVID-19 crisis, with cloud projected to make up 14.2% of the total global enterprise IT spending market in 2024, up from 9.1% in 2020. Cloud-based telephony and messaging and cloud-based conferencing will also see high levels of spending growing 8.9% and 24.3%, respectively. Gartner says Australian enterprises are expected to increase spending on Public Cloud Services by 18.2% in 2021, up to about A$10.4 billion. Gartner's latest report illustrates just that. Cloud security spending beat out Gartner's 2020 estimations of $585 billion, instead reaching $595 billion. Cloud Computing Growth in 2020. While still in double digits, growth in 2022 will be slower compared to the forecasted 21.6% growth in 2021. Although the growth rates are still double digits, the growth in 2022 will be slower compared to the growth that was expected to rise by 21.6% in 2021. Currently in 2020, cloud makes up 9.1% of global enterprise IT spend. Last year, spending on network security equipment fell 12.6% and consumer security software dropped 0.3%. End-user spending on public cloud services in the Middle East and North Africa (MENA) region will total $5.7 billion in 2022, an increase of 19.2%, according to the latest forecast by Gartner, Inc. Befo r e we get to the waste, let's look a little closer at that growth in the cloud market.Gartner recently predicted that cloud services spending will grow 17% in 2020, to reach $266.4 billion.. Gartner projects the segment will have the smallest growth in 2021, still failing to reach 2019 spending. This year, the segments reemerged with 8.9% and 7.4% growth, respectively. This comes from industry research firm Gartner, which claimed that the broader global information security and risk management technology and services market would hit US$150.4 billion during the . Overall, IT spending in India is projected to total $81.9 billion in 2021, an increase of 6% from 2020, according to the latest forecast by Gartner. Download the complimentary 2021 Gartner Magic Quadrant for Cloud Database Management Systems report. A survey of nearly 2,000 technology execs found they expected to see a boost in funding for digital infrastructure - as well as a continuation of work-from-home policies. The proposition of Enterprise IT spending on Cloud has accelerated amid the pandemic. . After polling CIOs, Gartner found that total SaaS spend will grow from $100B in 2020 to $140B in 2022: Gartner Predicts Public Cloud Services Market Will Reach $397.4B by 2022. Global end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020, according to Gartner. More than $1.3 trillion in IT spending will be directly or indirectly affected by the shift to cloud by 2022, according to Gartner (see Table 1). End-user spending on public cloud services in the Middle East and North Africa (MENA) region will total $5.7 billion in 2022, an increase of 19.2%, according to the latest forecast by Gartner, Inc. The world's leading research company forecast that the global public cloud end-user spending will reach USD 692.1 billion in 2025 from USD 242.6 billion in 2019, propelling at a CAGR of 16.1% during the forecast . Download the complimentary 2021 Gartner Magic Quadrant for Cloud Database Management Systems report. Jim Tyson/CFO Dive, data from Gartner By Ben Moore on Nov 24, 2021 12:54PM. The figure is a staggering $3.8 trillion as compared to $2.7 trillion in the previous year. Gartner also underscored that the surge in public cloud adoption triggered by the pandemic this year will continue through to 2025. Gartner has predicted growth of 33.3% in 2020, bringing total spending up to $585 million. Of that, $203.9 billion is spent on public cloud. Within the overall enterprise software category, cloud computing infrastructure and applications will absorb most of the spending, totaling $214 billion this year, up 17.5 percent from 2018, Gartner said. While Gartner's $1 trillion number refers to the next 5 years, let's take a step back and look just at the size of the market in 2016, where we can more easily predict spending habits. As IT spending rises and more and more people move to cloud-based services, they need to deploy Identity Detection and Response solutions that supplement the traditional ones to thwart such. Gartner says renewed interest in the market has become a catalyst for growth, increasing worldwide spending by 18.1%, in comparison to an estimated overall spend of $69 billion in 2020. 18 November 2020 — Worldwide end-user spending on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion, up from $257.5 billion in 2020, according to Gartner, Inc. The increase in cloud security spending is largely driven by cloud access security brokers. Gartner this week said that IT spending across the globe is projected to total $3.4 trillion in 2020, a decline of 8% from 2019 due to the impact of the COVID-19 pandemic.. "Gartner forecasts end-user spending on public cloud services to reach $396 billion in 2021 and grow 21.7 per cent to reach $482 billion in 2022. "In 2020, some longer-term cloud-based transformational projects may be put on hiatus, but the overall cloud spending levels Gartner was projecting for 2023 and 2024 will now be showing up as early as . For 2021, worldwide spending on the public cloud is expected to rise by 18% to $304.9 billion, up from $257.5 billion in 2020, research firm Gartner said on Tuesday. Announcement posted by Gartner 30 Nov 2020. Still. We are also automating data processing with Spark on Google Cloud, which enables developers to spend less time on infrastructure management and more time on data science, . According to Gartner, India's policy infrastructure is . Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020, according to the latest forecast from Gartner, Inc. "The events of last year allowed CIOs to overcome any reluctance of moving mission . The end-user cloud spending is estimated to grow by nearly 35 per cent as per the latest forecast, compared to around 31 per cent estimated in April. For example, the latest Gartner IT spending forecast shows that spending on data center systems is projected to be $188 billion in 2020, a 10% decrease from 2019. By Kat Jercich. Applications, business intelligence and supply chain software were also pushing cloud spending, Lock said. Gartner predicts 14.2% of the total global enterprise IT spending market will be spent on the cloud in 2024, a 5.1% increase from 2020, the report states. Chennai, India - June 19, 2018 - Ramco Systems, a global enterprise software company focusing on enterprise cloud platforms, products and services, today announced that it has been positioned by Gartner, Inc. as a Niche Player in its 2018 Magic Quadrant for Cloud . Spending on SaaS still reigns as the largest market segment, predicted to reach $122.6 billion in 2021. Throughout the COVID19 pandemic, cloud-based secure email and web gateways have proven popular, accounting for 50% of cloud-based delivery model deployments. By 2022, the relative share of cloud spending in the U.S . Total IT spending in 2020 is expected to total $79.3 billion, down 8.4% from 2019. The growth in enterprise software spending was really about the cloud, which is a "systematic shift," according to Gartner. According to Gartner's latest forecasts, it is in the EMEA zone - and therefore in Europe - that software spending should experience the strongest growth in 2022, thanks to the increase in cloud spending. Some even expect a surge in spending, with 26% saying they anticipate a 10% or higher spike in cyber spending for the upcoming year. In 2016, the U.S. represented 57% of the global spending on public cloud services, compared with its 46% share of the global IT market. Cloud-based software remains the largest cloud market . Cloud spending will grow across all areas in 2021, Gartner said in its forecast. Additionally, by 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021. Worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020, according to the latest forecast from Gartner, Inc. In its latest market analysis report, Gartner says EMEA IT spending will hit $1.3 trillion in 2022, representing a 4.7 rise compared to 2021. Global spend on public cloud services will jump 23.1% to total $332.3 billion in 2021, an increase from $270 billion in 2020, according to a Gartner forecast released Wednesday. This is partially because even after the pandemic rebound, many people still won't go back to the office and a new world of applications relying on the cloud is expected, Nag said. A recent report from Gartner - "How to Identify Solutions for Managing Costs in Public Cloud IaaS" - identifies the three key challenges to managing cloud costs, and makes recommendations about how best to evaluate cloud service expense management (CSEM) solutions to overcome these challenges. The public cloud services in India is . Gartner recommends that technology providers use cloud shift as a measure of market opportunity. "In the 25 years that Gartner has been forecasting IT spending, never has there been a market with this much volatility," said Gartner analyst John-David . Worldwide information technology spending is projected to total $4.2 trillion in 2021, up of 8.6% from 2020, according to a new forecast today by Gartner Inc.After a trough amid the pandemic-relat We believe the report evaluated Google's unified capabilities across both transactional and analytical use cases, and showcases innovation progress in areas like data management . AI software spend will pass $80b globally: Gartner. A Gartner report on the trends driving the public cloud sector predicts that the public cloud industry will grow massively over the next few years, eventually accounting for more than 45% of all . In March of this year, CIOInsight reported on a Gartner webinar that predicted IT spending would continue to grow through 2021, growing 4% over 2020 to reach $3.9 trillion by the end of the year. Worldwide public cloud end-user spending: fundamental shifts and essential data. Business process services (business-product-as-a-service, or BPaaS) is forecast to reach $50.1 billion, and. We are thrilled that Gartner has positioned Google as a Leader for the second year in a row in the 2021 Gartner® Magic Quadrant™ for Cloud Database Management Systems (DBMS). If cloud growth in 2021 must be summed up in a single stat, it's this: Gartner predicts that the worldwide public cloud revenue will grow by 23% in 2021 for a total revenue close to $332.2 billion U.S., up from $270 billion from last year. According to Gartner, worldwide public cloud end-user spending will grow 23 percent in 2021 (to a total of $332.3 billion) and reach around $397,5 billion in 2022. The latest predictions from Gartner estimate that overall IT spending will reach $3.8 trillion this year, a growth of 3.2 percent over IT spending in 2018. IT spending worldwide will surge 6.2% this year, to a record $3.92 trillion, as CFOs expedite their pre-pandemic plans for digital transformation by at least five years, according to Gartner. For the year 2019, Gartner has suggested that cloud spending will go up by 3.2% from the last year. Gartner pegged growth in spending across all areas of security, including applications, the cloud, data, identity access management, infrastructure protection, integrated risk management, network . The report also indicated that cloud would make 14.2% of the total global enterprise IT spending market in 2024, up from 9.1% in 2020. Digital workplace tools, a broad category . While still in double digits, growth in 2022 will be slower compared to the forecasted 21.6% growth in 2021. Spending on security services constitutes the largest single segment of the 2021 budget ($72.4 billion), followed by infrastructure protection ($23.9 billion). Even now, at hundreds of billions in annual spend. Application infrastructure services is expected to see the greatest spending margin increase in 2021, according to Gartner's research, projected to reach 26.6%. The public cloud services in India is . In contrast, spending on cloud system infrastructure services is expected to grow from $44 billion in 2019 to $63 billion in 2020, reaching $81 billion by 2022. Global spending on public cloud services by end-users is set to reach $304.9 billion next year, a new forecast by Gartner claims. But that's just the start. The country's public cloud services end-user spending is forecast to total $7.3 billion in 2022, up 29.6% from the previous year. Providers that are able to capture this growth will drive long-term success through the next decade. We are thrilled that Gartner has positioned Google as a Leader for the second year in a row in the 2021 Gartner® Magic Quadrant™ for Cloud Database Management Systems (DBMS). This is very good news considering 2020 fell 5.4% from the previous year. Gartner predicts that worldwide IT spending will reach $3.8 trillion in 2021, an increase of 4% from 2020. Growth in cloud spending can be attributed to increased adoption in technologies such as virtualization, edge computing and containerization. The research stated that India saw one of the fastest recoveries in the . Growth in 2020 is expected to be 10.3%. A recent report from Gartner predicted that the global end-user public cloud spending is expected to grow 18% in 2021 to total $304.9 billion, up from $257.5 billion in 2020. Of this spend, public cloud spending is expected to reach $206.2 billion—of which, the fastest growing segment is infrastructure as a service (IaaS), which Gartner says will grow 27.6 . Meanwhile, tech research and advisory firm Gartner estimated . This year, worldwide . For context, IT spend in the region is expected to grow. Throughout this forecast period, the effect of some drivers will change. Gartner predicts cloud spending will increase by 23% in 2021 to $332 Billion. Additionally, by 2026, Gartner predicts public cloud spending will exceed 45 per cent of all enterprise IT spending, up from less than 17 per cent in 2021," the analyst company said. The global cloud security market is set to see massive growth in 2021, with forecasts it will jump up 41.2 per cent year-on-year, to US$841 million. Revenue from artificial intelligence (AI) software is forecast to total $80 billion (US$62.5 billion) in . Worldwide spending on information security and risk management technology and services is forecast to grow 12.4% to reach $150.4 billion in 2021, according to the latest forecast from Gartner, Inc. Security and risk management spending grew 6.4% in 2020. Gartner cites cloud access security brokers (CASB) as a major driver of cloud spending. Gartner CIO report: IT spending expected to increase for cyber, analytics, cloud. 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