Skip to main content

Public Cloud Computing Market will Reach $133B in 2018

Today, cloud computing is an essential enabler of forward-looking digital transformation projects that empower organizations across the globe. When combined with DevOps methodologies, these IT capabilities are helping developers rapidly build the infrastructure for new disruptive business models.

Over half of the enterprise IT market respondents to a recent survey report using public cloud services for their projects, according to the latest worldwide market study by Technology Business Research (TBR).

Findings from the comprehensive global study indicate that vendors offering built-in integrations for cloud and on-premises applications are best positioned to capture new customers.

Moreover, the study uncovered that hybrid IT, brokerage services and geographic expansion will support and sustain ongoing public cloud computing adoption, during 2016 and beyond.

"The public cloud market is getting a boost from broader IT trends such as hybrid IT, brokerage and global demand," said Jillian Freeman, senior analyst at TBR.

Besides, TBR believes that as this next wave of enterprise cloud adoption moves toward more large digital transformations from the C-Suite, professional services, integration and management are needed to address growing demand.

Public Cloud Market Development Trends

The growing ecosystem of vendors that are gathering around public cloud offerings also helps to fulfill vertical industry and geographic requirements, by extending cloud capabilities to include the most requested customization.

Interoperability and business process improvements are strategic areas of evolution among enterprise customers, and TBR estimates the public cloud market is poised to reach $133 billion by 2018.

The study findings also indicate that IT security, data ownership and consumer privacy remain barriers for some public cloud customers. But as vendors improve their capabilities, public cloud adoption will continue to increase as these issues are addressed.

The resulting TBR report highlights long-term opportunities for public cloud, the anticipated rates of cloud adoption and spending trends that will influence integration across customer IT environments.

TBR surveyed 2,850 cloud purchasing decision makers in large enterprises across North America, EMEA and APAC regions to explore the overall cloud market, identify the key players that will lead in public cloud and portray IT customer spending trends.

Popular posts from this blog

2022 Tech Trends Outlook: What Happens Next?

This year may very well be another period of unprecedented challenges and opportunities. In 2022, several highly anticipated technology-related advancements will NOT happen, according to the predictions by ABI Research. Their analysts identify many trends that will shape the technology market and some others that, although attracting huge amounts of pundit speculation and commentary, are less likely to advance rapidly over the next twelve months. "The fallout from COVID-19 prevention measures, the process of transitioning from pandemic to endemic disease, and global political tensions weigh heavily on the coming year's fortunes," said Stuart Carlaw, chief research officer at ABI Research . What Won’t Happen in 2022? Despite all the headlines and investments, the metaverse will not arrive in 2022 or, for that matter, within the typical 5-year forecast window. The metaverse is still more of a buzzword and vision than a fully-fledged end goal with a clearly defined arrival d

Digital Transformation for the Oil and Gas Sector

The savvy CEOs of multinational organizations will accelerate their investment in digital transformation projects in 2022, and beyond, to improve their competitiveness. Every industry leader that is forward-looking will act swiftly to grasp the upside opportunity. Global oil & gas companies face a myriad of operational, commercial, and existential security threats. According to the latest worldwide market study by ABI Research, oil & gas firms apply digitalization to combat these threats and will spend $15.6 billion on digital technologies by 2030. Oil & Gas Digital Apps Market Development Investments in digitalization can help to analyze a supply pipeline’s condition, prepare for fluctuations in the changing prices for oil and gas, as well as aid action plans to create more sustainable operations and transfer to producing renewable energy sources. "Safety and Security are top priorities for oil & gas operators. Data analytics allied with IoT platforms have become

How Ride-Sharing Apps Changed Local Transport

Building on significant advances in disruptive mobile app technology, ride-sharing services have emerged to become a popular means of urban mobility. This is unsurprising given the advantages of ride-sharing options over traditional transport modes, such as buses and more expensive taxis. Innovative ride-sharing platforms enable app users to customize their journeys according to real-time phenomena, such as nearby traffic conditions, time of day, and rider demand. However, this is not to say that ride-sharing services are perfect. The popularity of ride-sharing has resulted in some additional traffic congestion in major cities already struggling to control this issue, while the widespread disruption caused by the pandemic affected most stakeholders within the local transportation value chain. Ride-Sharing App Market Development According to the latest worldwide market study by Juniper Research, ride-sharing spending by consumers globally will exceed $937 billion by 2026 -- that's c