Public Cloud market to hit $183 bn in 2019: Gartner

MUMBAI: The worldwide Public Cloud services market is projected to grow 17.5 per cent in 2019 to total $214.3 billion — up from $182.4 billion in 2018, a Gartner report said on Tuesday.
The fastest-growing market segment will be infrastructure-as-a-service (IaaS), which is forecast to grow 27.5 per cent in 2019 to reach $38.9 billion — up from $30.5 billion in 2018.
The second-highest growth rate of 21.8 per cent will be achieved by platform-as-a-service (PaaS).
“Cloud services are definitely shaking up the industry. What we see now is only the beginning, though.
“Through 2022, Gartner projects the market size and growth of the cloud services industry at nearly three time the growth of overall IT services,” said Sid Nag, research vice president at Gartner.
More than a third of organizations see Cloud investments as a top three investing priority, which is impacting market offerings.