As we are at the beginning of 2019, it’s a right time to assess the growth of cloud computing in 2018.
Boom was continued in 2018 and will be so in 2019…
According to the latest research by Synergy Research, the cloud market’s revenue reached to $250 billion globally, registering a 32% annual growth. The analyst firm has claimed that all market segments over the past 12 months.
IaaS and PaaS have achieved the biggest growth with an almost 50% gain. This may be lower than previous years, but Synergy found it sufficient stating that one cannot “keep on growing at 100% when you reach massive scale.”
Dominance of Amazon Web Services (AWS)
According to Statista, 80% of businesses are both running apps on or experimenting with Amazon Web Services (AWS). 18% of organizations were using Google’s Cloud Platform for applications while 23% considered it for future use.
(This report by Statista includes the statistics of cloud computing market till September, 2018)
Slow yet Steady Adoption Rate of Microsoft Azure:
The adoption rate of Microsoft Azure has rose from 435 to 58%, getting a 35% CAGR while AWS increased from 59% to 68%.
Growth of SaaS Market:
SaaS market has improved its revenue as it goes beyond to $20B in quarterly figures. Microsoft is a leading vendor with 17% share in the market, thanks to its high growth collaboration segment.
Rapid Adoption of Cloud among Financial Services:
According to a recent survey by McKinsey and Company, finance companies were ahead in using advance level of cloud services.
On the basis of these previous year’s stat, it can be said that cloud computing are being utilized at a faster rate. What do you think? Want to ask anything about cloud computing? Feel free to share your thoughts with us by commenting below.