|[December 06, 2017]
Worldwide "Whole Cloud" Revenues Will Reach $554 Billion in 2021, According to a New Forecast from IDC
The cloud delivery and consumption model has revolutionized the entire
IT industry over the past decade, as evidenced by the dramatic rise of
public cloud services. But the cloud opportunity extends well beyond the
public cloud - which makes up less than half of all cloud-related
spending today - and includes private and hybrid clouds, as well as
managed cloud services, cloud-related professional services, and
hardware and software infrastructure for building clouds. In its first
forecast of the "whole cloud" opportunity, International Data
estimates that worldwide whole cloud revenues will reach $554 billion in
2021, more than double those of 2016.
"The most obvious takeaway from this forecast is that the shift to the
cloud consumption model - in all its forms - is a mass movement, and
will continue to be such over the forecast period," said Frank
Gens, senior vice president and chief analyst at IDC (News - Alert). "Equally
important, though, is the steady drumbeat of tech innovation that is
coming from the major public cloud suppliers, making it virtually
impossible for enterprises and developers seeking advantage through IT
not to embrace the public cloud."
The past few years have produced a steady stream of innovative new
services introduced by the major public cloud service providers,
including blockchain services, IoT back-end data services, encryption
services, serverless computing services, and even new computing hardware
services. IDC expects the pace of innovation on public clouds to
continue and, more likely, to accelerate. Similarly, IDC expects to see
a steady expansion of enterprise workloads on the cloud as cloudservice
providers and their partners focus on new deployment scenarios for these
workloads. Despite lingering concerns about security, vendor and
technology lock-in, and interoperability, IDC believes that cloud
computing will continue to dominate and transform enterprise computing
for years to come.
Key highlights from the new forecast include the following:
Public cloud wins. In 2016, public cloud services accounted for
41% of all cloud-related spending. By 2021, this figure will increase to
48%. And, when spending on hardware and software that enables public
cloud services, and managed and professional services around the cloud
are included, these figures rise to 65% and 68%, respectively.
Services supporting public and hybrid cloud environments are hot.
Spending on managed and professional services around cloud adoption are,
collectively, the second largest opportunity in the whole cloud market,
accounting for 31% of all cloud-related spending in 2016 and 2021.
Infrastructure for cloud services providers dominates. The
hyperscale datacenters operated by cloud service providers are
dramatically altering the market for infrastructure hardware and
software. By 2021, cloud service providers will account for 76% of
cloud-related infrastructure hardware and software spending.
The IDC report, Worldwide
Whole Cloud Forecast, 2017-2021 (IDC #US43215817), provides an
integrated forecast for the overall cloud-related IT products and
services market. The forecast includes whole cloud market size and
forecast by enterprise consumption model and by vendor offering category
for 2016-2021. All revenues are expressed in current U.S. dollars.
International Data Corporation (IDC) is the
premier global provider of market intelligence, advisory services, and
events for the information technology, telecommunications, and consumer
technology markets. With more than 1,100 analysts worldwide, IDC offers
global, regional, and local expertise on technology and industry
opportunities and trends in over 110 countries. IDC's analysis and
insight helps IT professionals, business executives, and the investment
community to make fact-based technology decisions and to achieve their
key business objectives. Founded in 1964, IDC is a wholly-owned
subsidiary of International Data Group (IDG),
the world's leading media, data and marketing services company that
activates and engages the most influential technology buyers. To learn
more about IDC, please visit www.idc.com.
Follow IDC on Twitter (News - Alert) at @IDC
View source version on businesswire.com: http://www.businesswire.com/news/home/20171206005985/en/
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