Cloud computing market projected to reach $411 billion by 2020

The worldwide public cloud services market revenue is projected to grow 18.5 percent in 2017 to total $260.2 billion, up from $219.6 billion in 2016, according to Gartner, Inc.

 

Gartner Report

Saas revenue in 2016 was far greater than what was expected, reaching $48.2 billion,” said the research director at Gartner. We have already crossed the 2017 forecast of Saas revenue with 2 months to spare. If this trend keeps on, by 2020 we are hoping to see a 100 billion revenue Saas(Cloud Application Services) market.

 

Of all the services, Cloud System Infrastructure Services(Iaas) is predicted to grow exponentially, 300% growth is expected by 2020. Iaas is expected to reach 45.8 billion by 2018, and 72.4 by 2020.

On the other hand, Cloud Business Process Services (BPaaS) is expected to grow the minimum forecasting only a 50%.

Taking into account the entire forecast period of 2016 – 2020, SaaS is on pace to attain 15.65% compound annual growth throughout the forecast period, also outpacing the total cloud market. The following graphic compares revenue growth by cloud services category for the years 2016 through 2020.

 

[Worldwide Public Cloud Services Revenue Forecast (Billions of U.S. Dollars)]

cloud computing 2020

 

(Source: Gartner report[October 2017] )

Also Read: Top 5 Cloud Computing trends for 2018 

In terms of vendor share, Gartner expects 70 percent of public cloud services revenue to be dominated by the top 10 public cloud providers through 2021. “In the IaaS segment, Amazon, Microsoft, and Alibaba have already taken strong positions in the market,” said the research director at Gartner.

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Achieving Application Portability with PaaS

Today, Platform-as-a-Service (PaaS) is increasingly gaining popularity as a Public Cloud offering compared to Infrastructure-as-a-Service (IaaS) because of its simple operations and lower costs. These days, most PaaS customers get locked-in because of the specialized OS or middleware features but for the customers looking for flexibility in working across multiple Cloud platforms and providers, a portable PaaS environment is a feasible choice.

Before we see how organizations can implement a portable PaaS model, let’s first see the primary reasons behind the adoption of PaaS services:

  • Lesser costs of licensing and supporting because of the pre-installed OS and middleware.
  • Streamlined Hybrid Cloud deployment with standardized application services.
  • Improved application performance and functionality by creating a PaaS environment within the IaaS Cloud using the available web services.

How a portable PaaS model fairs across these three areas and how it moves within the various cloud and private environments is important but a single PaaS approach might not be enough to address this. Thus, enterprises need to prioritize their PaaS goals and combine different options to create the desired PaaS environment.

 

Here are the top 4 ways to achieve a Portable PaaS model:

Adopt Container Technology for Application Hosting: The container architectures share the Operating System, but the middleware and file system elements can be copied to each container to standardize the middleware across container images. This allows the creation of specialized container images for the application and the component which can then be moved across environments to be run on any container system hosted in Cloud or the Data Center. Read more

Leveraging Cloud Computing for maximum business value

With the advancement in technology, there has been a shift from the traditional way businesses think about IT resources. Barely a decade old, cloud computing has been a game changer in the tech world and if utilized correctly, it can prove to be advantageous to an enterprise. However, to ensure efficiency, care should be taken and detailed research is imperative while selecting the Cloud that best fits an organizations workload. Lower cost due to the elimination of capital expense, high speed of processes, scalability when necessary and reliability with respect to data backup and recovery are a few of the many benefits, that make Cloud Computing a must have.

In this article, we have listed the top 6 ways in which businesses can make use of Cloud Technology:

Virtualisation (Infrastructure-as-a-Service): Being cost-effective and scalable, it is one of the most attractive solutions for any enterprise. IaaS helps in reducing the investment on Physical hardware thereby reducing the IT and capital costs.

Application Development and Testing (Platform-as-a-Service): Constantly acquiring and installing new hardware and software becomes an expensive affair for any enterprise.­­ Thus, using a Cloud environment to develop applications proves to be a more practical choice. Developers can simply log-in to their Cloud platform and can access the tools required to create applications.
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