Gartner predicts that by 2021, cloud revenues will total $278 billion

Wednesday-12 September, Gartner released its latest cloud forecast predicting that the market will grow 17.3 percent in 2019. The fastest-growing segment -- cloud system infrastructure services, or infrastructure as a service (IaaS) -- is forecasted to grow 27.6 percent in 2019.

By 2022, Gartner expects that 90 percent of organizations purchasing public cloud IaaS will do so from an integrated IaaS and platform as a service (PaaS) provider, and will use both the IaaS and PaaS capabilities from that provider. When it comes to the business process as a service (BPaaS) category, Gartner expects to see revenue grow 7.9 percent to $50.3 billion in 2019.

Globally speaking, Gartner predicts that by 2021, cloud revenues will total $278 billion

World Wide Public Cloud Service Revenue Forecast (Billions of US Dollars)

 

2017

2018

2019

2020

2021

Cloud Business Process Service (BPaaS)

42.2

46.6

50.3

54.1

58.1

Cloud Application Infrastructure Services (PaaS)

11.9

15.2

18.8

23.0

27.7

Cloud Application Services (SaaS)

58.8

72.2

85.1

98.9

113.1

Cloud Management and Security Services

8.7

10.7

12.5

14.4

16.3

Cloud System Infrastructure Services (IaaS)

23.6

31.0

39.5

49.9

63.0

Total Market

145.3

175.8

206.2

240.3

278.2

Meantime, cloud application services -- or software as a service (SaaS) -- remains the largest segment of the cloud market, with revenue expected to grow 17.8 percent to reach $85.1 billion in 2019.

"The increasing adoption of SaaS applications and other cloud services impacts the management, dissemination and exploitation of enterprise content," Craig Roth, research VP at Gartner. "Organizations are steadily -- but not exclusively -- shifting their content environments to SaaS."