Gartner: Global Cloud-based Software Spending Up 7.1 percent in 2019
The shift of enterprise IT spending from traditional (non-cloud) offerings to new, cloud-based alternatives is continuing to drive growth in the enterprise software market. In 2019, the global cloud-based software market is projected to reach $427 billion, up 7.1 percent from $399 billion in 2018, according to the latest forecast by Gartner. The largest cloud shift has so far occurred in application software. However, Gartner expects increased growth for the infrastructure software segment in the near-term, particularly in Integration…
According to Gartner’s latest forecast, the worldwide public cloud revenues are set to hit $260 billion by the end of 2017, up from $219.6 billion in 2016. That shows year-on-year growth of 18.5%. The software as a service (SaaS) and Infrastructure as a Service (IaaS) are the two fastest growing…
The public cloud services market in India will grow to total $2.4 billion in 2019, up 24.3% from 2018, according to Gartner. Despite holding only 1.2% of the global public cloud services total in 2019, India stands among the top nine countries that are projected to witness higher growth than…
Revenues of public cloud services worldwide will reach $206.2 billion by the end of 2019, up 17.3% from $175.8 billion in 2018, according to Gartner’s latest forecast. In 2017, the market was valued at $145.3 billion, which is expected to grow 21% this year. Infrastructure as a service (IaaS): The…