AWS Continues to Lead the Cloud Provider Market

AWS Continues to Lead the Cloud Provider Market

Gartner’s recent forecast for the Cloud Computing markets states that the market will grow at a Compounded Annual Growth Rate (CAGR) of 13.38 % and reach $411B by 2020. The report predicts that Infrastructure-as-a-Service (IaaS), currently growing at a 23.31% Compound Annual Growth Rate (CAGR), will outpace the overall market growth of 13.38% through 2020. The next largest growth area will be in Platform-As-A-Service (PAAS) and is projected to grow 18.24 % YOY and will likely reach $20.8B by 2020. Software-as-a-Service (SaaS) revenue is predicted to grow from $58.6B in 2017 to $99.7B in 2020.

Leave a reply