Cloud services to double by 2019, public cloud services market to reach $208.6 billion by the end of 2016

14-12-2016 22:01 | Views: 2458

Cloud and Distributed Computing is on the lead of LinkedIn’s top ten skills of 2016 followed by Statistical Analysis and Data Mining, Web Architecture and Development Framework, Middleware and Interface Design, User Interface Design, Network and Information Security, Mobile Development, Data Presentation, SEO/SEM Marketing, and Storage Systems and Management.

Cloud and Distributed Computing skill seems to be present in the top skills in top countries such as France, Germany, and Ireland. It is no wonder, taking into account that we are living in a digital economy.

A recent survey of industry analysis and research by for its 2016 Guide to the Open Cloud report found very interesting results.

“Forty-one percent of all enterprise workloads are currently running in some type of public or private cloud, according to 451 Research. That number is expected to rise to 60 percent by mid-2018. And Rightscale reports that some 95 percent of companies are at least experimenting in the cloud. Enterprises are continuing to shift workloads to the cloud as their expertise and experience with the technology increases.”

Various companies throughout the globe, from banking to healthcare are constantly facing technology’s advances, whatever they may be. When it comes to the use of  the cloud, companies of all types of industries have to chose between private cloud services, public ones, or to find a healthy balance that will better fit their business.

What the study found is that there is a shift towards the public cloud. “By the end of 2016 the public cloud services market will reach $208.6 billion in revenue, growing by 172 percent from $178 billion in 2015, according to Gartner. Cloud application services (software-as-a-service or SaaS) is one of the largest segments of that and is expected to grow by 21.7 percent in 2016 to reach $38.9 billion while Infrastructure-as-a-Service (IaaS) is projected to see the most growth at 42.8 percent in 2016.”

The report also predicts that by 2017 the hybrid cloud which is currently growing at a compound rate of 27%, will be used by over 89% of enterprise IT companies.   

According to a recent press release by the International Data Corporation (IDC), the Worldwide Semiannual Public Cloud Services Spending Guide has predicted that the public cloud service is going to grow even further in the coming years. In 2015, the worldwide spending on public cloud services reached an amount of $70 billion. That amount is expected to reach $141 billion by 2019, with an annual growth rate of 19.4%.

IDC's public cloud services forecasts predicts that Software as a Service (SaaS) will continue to be the most used cloud computing type with over 2/3 of all the public cloud services in use up to now, while the worldwide spending on Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) are expected to have a faster grow rate compared to the SaaS growth rate. IaaS will grow by 27.0% while PaaS with 30.6%.

"Over the past several years, the software industry has been shifting to a cloud-first (SaaS) development and deployment model. By 2018, most software vendors will have fully shifted to a SaaS/PaaS code base," according to Frank Gens, Senior Vice President & Chief Analyst at IDC. "This means that many enterprise software customers, as they reach their next major software upgrade decisions, will be offered SaaS as the preferred option. Put together, new solutions born on the cloud and traditional solutions migrating to the cloud will steadily pull more customers and their data to the cloud,” Gens added.


(Image Source: eSP)

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