The revenues of the public cloud will grow 17.5% globally in 2019

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According to Gartner forecasts, the cloud services industry will grow 17.5% this year. This progressive increase will continue exponentially until 2022.

The good behavior that the public cloud has experienced in recent quarters seems to continue in the coming quarters. The forecasts of the consultant Gartner estimate that this year the market of public cloud services will grow all over the world until reaching 214.300 million dollars. This means a growth of 17.5% over the previous year when they exceeded 182,000 million dollars.

By segments of the market, the one that will experience a faster growth will be the infrastructure services of cloud systems, or infrastructure as a service (IaaS), which is expected to grow by 27.5% in 2019. These will reach 38.9 billion dollars, a figure slightly higher than the previous year, when they reached 30,500 million.

The second of the market segments with the highest growth rate will be cloud application infrastructure services, or platform as a service (PaaS), which will do so by 21.8%.

Worldwide Public Cloud Service Revenue Forecast (Billions of US Dollars)

20182019202020212022
Cloud Business Process Services (BPaaS)45.849.353.15761.1
Cloud Application Infrastructure Services (PaaS)15.6192327.531.8
Cloud Application Services (SaaS)8094.8110.5126.7143.7
Cloud Management and Security Services10.512.214.11617.9
Cloud System Infrastructure Services (IaaS)30.538.949.161.976.6
Total Market182.4214.3249.8289.1331.2

Source: Gartner

According to Sid Nag, vice president of research at Gartner, cloud services are driving the IT industry.

We do not know of any provider that today’s business model, its offer and the growth of its revenues are not influenced by the growing adoption of cloud strategies. However, what we see now is only the beginning.

Gartner anticipates that, by 2022, the size of the market and the growth of the cloud services industry will almost triple the growth of IT services in general.

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