In this post we will take a dive deep into the cloud industry, leader revenues, market share trends, and what is to come. Some of the major factors are also being analysed that includes its pricing, value, trends, recent development, and many more. It grew its business by US$2.6 billion in Q3 compared with the same period last year, continuing its rapid expansion. Learn more about BMC ›. AWS came in just shy of a $40 billion run rate based on its nearly $10 billion quarter. Read Forrester's 2020 cloud predictions to find out more. This statistic shows the market share of the leading cloud infrastructure service providers from 2017 to 2020. Running most workloads on a hosted cloud Infrastructure as a service (IaaS), Platform as a Service (PaaS), or Software as a Service (SaaS), it only took two decades for the cloud industry to change the way business happens from day to day. How They Stand Up At The Start Of The New Decade Amazon AWS: USD$9.9B, up 34%. Cloud Robotics Market Report 2020, Size, Share, SWOT Analysis and Forecast Report, Forecast 2020 – 2027, Upcoming Trend Analysis and Players Strategy and Key Players – V3 Smart Technologies (Singapore), Rapyuta Robotics (Japan), Ortelio (UK),and Tend (US) AWS has expanded well beyond cloud compute and storage. As AWS has long been the market share leader, the world was shocked in early 2020 when quarterly revenue and growth reports revealed Google’s Cloud numbers for the first time. Followed by infrastructure services, the IaaS market is set to hit 50 billion this year. The report of the worldwide Cloud Services market analyzes the market size and future growth. This is the company’s slowest growth rate in five years. Segmented in the market by service and type, it is important to note that cloud services are delivered as either public, private, or hybrid cloud – or recently multi-cloud. Desktop as a service (DaaS) is expected to have the most significant growth in 2020, increasing 95.4% to $1.2 billion. As more organizations are run on the cloud, over the years, this will inflate revenue. The United States has the largest public cloud computing market, valued at $120.6 billion in 2020. An industry that is forecasted by Gartner to continue to soar – at the end of 2018 global cloud revenue accounted for USD$196.7 billion, at the end of 2019, it accounted for USD$227.8 billion, is expected to reach USD$266.4 billion in 2020, and USD$354.6 billion in 2022. The global cloud security market is projected to account for $20.9 billion by 2027, according to a report by Million Insights and is expected to grow with 14.6% CAGR from 2020 to 2027. Getting Started with Cloud Native Applications, Accelerate Cloud Migration Success with Portfolio Discovery. The signified the careful study of the experts has carefully been studying all the segments to come up with the exact forecast of the market growth. In this report, they stated that “In 2019, the global cloud market size was $62,730 million US dollars and it is expected to reach $383,789 US dollars by the end of 2026, with a CAGR of 29.2% during 2021-2026.” Still relatively small in the grand market scheme, the steady size growth percentages over the last decade combined with the projected size growth percentages over the next decade, turns these numbers into something very exciting. IBM, adopting this mindset, has rolled out plans to come back as a bigger player. Microsoft's also growing its cloud sales significantly faster than Amazon. The Public Cloud Market in 2020 Business Insider takes all of this a step further. The Global Personal Cloud Market size is expected to grow at an annual average of 23.5% during 2019-2025. Insights on the Cloud Migration Services Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market … Stephen Watts (Birmingham, AL) has worked at the intersection of IT and marketing for BMC Software since 2012. According to Canalys, Amazon's market share stood at 32.4% at the end of 2019, down from 33.24% in 2018. This shows significant growth in the market. As a result of which, the money generated will be high by the end of 20xx. SHARE THIS ARTICLE. Looking at the recent market share numbers and revenue trend reports, it is easy to agree. Microsoft Azure reached 20% market share for … Global Cloud Computing Security Software Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2020 to 2025 By Market Study Report Published: Just now … ©Copyright 2005-2020 BMC Software, Inc. Please let us know by emailing blogs@bmc.com. AWS has 32% of the market and generated more revenue than the next three largest combined, Azure is at 19% of the market, Google Cloud at 7%, Alibaba Cloud close behind at 6%, and other clouds with 37%. The experts have also been carefully analysing all the significant factors that have been continuously supporting the growth of the market. Use of this site signifies your acceptance of BMC’s, Infrastructure as a service (IaaS), Platform as a Service (PaaS), or Software as a Service (SaaS), AWS Serverless Applications: The Beginner’s Guide. It also tends to be one of the perfect reports that helps in the predicting of the exact growth of the market from the year 2020 to 2026. Research report provided by Reports Monitor SME Cloud market, is a Skillful and Deep Analysis of the Present Situation and Challenges.Experts have studied the historical data and compared it with the current market situation. In 2020, the cloud computing market will sees interesting new alliances and face new security concerns. This is the first jump in growth since 2017. IBM Cloud: USD$6.9B, up 21%. In the latest market of Cloud Services, the analysis report of the global market of Cloud Services, the market has been segmented on the basis of the vital factors that significantly include the application, region, end-user’s types, and the product types. According to estimates from Synergy Research Group, Amazon’s market share in the worldwide cloud infrastructure market amounted to 33 percent in the second quarter of 2020… On the other hand, the report also helps in the including of the factors that have primarily been positively affecting the global market of the product of Cloud Services. However, their overall share of the market is slowly shrinking, while Azure grows. They polled a panel of technology and financial experts for insights into Microsoft’s future with the consensus that Microsoft was positioned to teak substantially more business from Amazon AWS in 2020. The major key players of the global Cloud Services market will handle prominent roles. To get a sense of the cloud market share breakdown, let’s take a look at what each cloud provider’s reports shared. The recent statistical data has been included in the report that helps in the key technologies and the applications that have been driving the growth of the market of Cloud Services. Rangan says Salesforce should gain market share in 2020 and be better positioned to benefit from a rebound in discretionary spending once the economy bounces back. Globally many people believe that Cloud Computing is the future of technology. Just a fraction of SaaS projection, we can safely say for sure that, in the next decade those who provide Software as a Service will continue to lead the market. However, since Amazon and IBM reveal margins as Google and Azure do not, determining what is actually going on behind the scenes and who is the most profitable is impossible at this time. See an error or have a suggestion? Here’s what the cloud market looked like in 2015: Big tech's cloud market share | Amazon, Microsoft, Alibaba, Google. Back in the early 2000s, most people did not realize cloud services existed. It covers the regional markets of Latin America, Asia Pacific, North America, the Middle East & Africa, and Europe. Create one, Global Cloud Services Scope and Market Size. Taking a look at the leaders we see, Amazon Web Services, IBM Cloud, Google Cloud, and Microsoft Azure. This shows a slight acceleration in growth. As of July 2020, Canalys reports AWS with 31% of the market, Azure at 20%, Google Cloud at 6%, Alibaba Cloud close behind at 5%, and other clouds with 37%. Amazon remains the market share leader in public cloud with roughly 39% share, but Microsoft is a distant second with 19% share. These essential players spread across different regions of the globe will make sure that the demands always increase at a higher pace. Don't have a Benzinga account? To understand the revenue and market share stats of the cloud industry, you must first understand how it’s run. Jump forward to 2019 and 90% of companies are on the cloud. Additionally, the study report of the segments of the market of Cloud Services that have been completely based on the types of end-users, key players, and the geography. The information that has been collected has primarily been helping the experts in the prediction of the market and its accurate growth during the period of forecast from the period of 2020 to 2026. With USD$85.7 billion of global revenue in 2018, USD$99.5 billion of global revenue in 2019, and a projected USD$116 billion in 2020, the scalability of such software remains invaluable. Cloud Infrastructure Market Share: Q3 2020 In Q3 2020, the top four cloud infrastructure service providers were AWS (32%), Microsoft Azure (19%), Google Cloud (7%) and Alibaba Cloud (6%), Canalys research finds (see chart below). SME Cloud Market 2020. However, as competition grows, the key to success for our big leaders is to stay focused. It seems clear that in the case of AWS vs Azure vs Google Cloud market share, AWS still has the lead. A comparison of these numbers shows that Google still lags in revenue next to its competitors; however, it must be noted that Google grew much more than AWS in 2019 and is quickly gaining standing against Azure’s 62% growth pattern. The use of such research methods has resulted in the collection of some of the important information for the offering of one of the better understanding of the global Cloud Services market. The global cloud security market size is expected to garner $8.9 billion by 2020, registering a CAGR of 23.5% during the forecast period 2015 - 2020. As we take a look at the nations that will demand the most cloud usage, we see North America, Europe, China, and Japan at the top. Europe is a close second in terms of cloud services market share, as the region is adopting the cloud services in various sectors such as healthcare, banking financial services & insurance, and education sector. These postings are my own and do not necessarily represent BMC's position, strategies, or opinion. Stephen contributes to a variety of publications including CIO.com, Search Engine Journal, ITSM.Tools, IT Chronicles, DZone, and CompTIA. For Customisation and Query @ https://www.wiseguyreports.com/enquiry/5049534-global-cloud-services-market-size-status-and-forecast-2020-2026, Table of Contents –Analysis of Key Points, 3 Global Cloud Services Market Competition, by Players, 4 Global Cloud Services Market Size by Regions, 5 North America Cloud Services Revenue by Countries, 6 Europe Cloud Services Revenue by Countries, 7 Asia-Pacific Cloud Services Revenue by Countries, 8 South America Cloud Services Revenue by Countries, 9 Middle East and Africa Revenue Cloud Services by Countries, 10 Global Cloud Services Market Segment by Type, 11 Global Cloud Services Market Segment by Application, 12 Global Cloud Services Market Size Forecast (2020-2026), Media ContactCompany Name: Wiseguyreports.comContact Person: Norah TrentEmail: Send EmailPhone: +1 646 845 9349, +44 208 133 9349City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.wiseguyreports.com/, Press Release Distributed by ABNewswire.com, To view the original version on ABNewswire visit: Cloud Services Market 2020 Global Share, Trends, Applications, Growth Opportunities and Forecast to 2026, Thank you for subscribing! As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. Recently debuting plans and ideas for working with the US government, AWS, Google, and Azure can all expect multi-billions over the next few years. As the second decade of the 2000s came to a close, the Market Study Report LLC released the Global Cloud Computing Market Report. It also offers one of the competitive strategies of the several key regions on a global level, where the key market players have been trying to boost up the profits through collaborations. The top players covered in Cloud Services Market are: Amazon Akamai Cisco Systems Google IBM HP Dell Microsoft VMware Yahoo, Get Free Sample Report @ https://www.wiseguyreports.com/sample-request/5049534-global-cloud-services-market-size-status-and-forecast-2020-2026, Cloud Services Market Constraints and Drivers. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com, “Global Cloud Services Market 2020 Analysis”, Wiseguyreports.Com Publish New Market Research Report On-"Covid-19 Impact on Cloud Services Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026". https://www.wiseguyreports.com/sample-request/5049534-global-cloud-services-market-size-status-and-forecast-2020-2026, https://www.wiseguyreports.com/enquiry/5049534-global-cloud-services-market-size-status-and-forecast-2020-2026, Cloud Services Market 2020 Global Share, Trends, Applications, Growth Opportunities and Forecast to 2026, Ripple, Chainlink & Zilliqa - American Wrap: 12/1/2020. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. Exceeding almost every area of the technology market, revenue reports reveal that cloud computing is here to stay and will without a doubt take over the world. The worldwide public cloud services market is forecast to grow 6.3% in 2020 to total $257.9 billion, up from $242.7 billion in 2019, according to Gartner, Inc. Serverless vs PaaS: Is Serverless the New PaaS? Market segment by Type, the product can be split into, Public Cloud Private Cloud Hybrid Cloud Community Cloud, Market segment by Application, split into, Government Private organizations Academics and education Banking, Financial services and Insurance Health Care Supply chain management. 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