The Register Citizen (Torrington, CT)
Gartner: Cloud computing revenues expected to rise
STAMFORD — Public cloudservices technology revenues are projected to grow by more than 50 percent worldwide in the next three years, to about $355 billion in 2022, according to a new report from IT consulting and research firm Gartner.
Cloudapplication services, also known as softwareasaservice, would remain by far the largest segment of the cloudcomputing market. Its predicted returns would surge by more than 50 percent in the next three years, to approximately $151 billion in 2022, reflecting companies’ ability to scale up their use of such subscriptionbased software.
Cloudsystem infrastructure services, also known as infrastructureasaservice, would see their revenues nearly double, to about $74 billion, by 2022, Gartner projected. The firm attributes the growth to the demands of modern applications and workloads, which they say require infrastructure that traditional data centers cannot meet.
“At this point, cloud adoption is mainstream,” said Sid Nag, Gartner research vice president. “The expectations of the outcomes associated with cloud investments therefore are also higher. Adoption of nextgeneration solutions are almost always ‘cloudenhanced’ solutions, meaning they build on the strengths of a cloud platform to deliver digital business capabilities.”
As organizations increasingly rely on cloud technology, IT teams are embracing cloudbuilt applications and relocating existing digital assets, according to Gartner.
By 2022, up to 60 percent of organizations would use an external provider’s
“cloudmanaged service offering,” double the rate in 2018, Gartner predicted.
“Building, implementing and maturing cloud strategies will continue to be a top priority for years to come,” Nag said. “The cloudmanaged service landscape is becoming increasingly sophisticated and competitive.”