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Cloud Services Industry to Grow Exponentially Through 2022

Christopher Venantius
VP of Enterprise Accounts

Stock image of what looks like a closeup of a computer chip, with the cloud computing symbol in the center

The latest Cloud Services report from Gartner reports that the worldwide public cloud services market is projected to grow 17.5 percent in 2019 to total $214.3 billion, up from $182.4 billion in 2018.

“Cloud services are definitely shaking up the industry,” said Sid Nag, research vice president at Gartner. “At Gartner, we know of no vendor or service provider today whose business model offerings and revenue growth are not influenced by the increasing adoption of cloud-first strategies in organizations. 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.”

The report goes on to state that “As cloud continues to become mainstream within most organizations, technology product managers for cloud related service offerings will need to focus on delivering solutions that combine experience and execution with hyperscale providers’ offerings,” said Mr. Nag. “This complementary approach will drive both transformation and optimization of an organization’s infrastructure and operations.”

We’re seeing the growth in cloud adoption across industries in our client base as well. The benefits of scale, performance and agility are pushing the cloud projects to the top of our clients’ priority list.

Talk to us about how to migrate your on-prem legacy systems to the cloud.

About The Author

As the VP of Enterprise Accounts at Indellient, Christopher Venantius helps organizations navigate their cloud journey. He brings his experience designing and building solutions for the fortune 500 to his current role, where he is dedicated to applying practical approaches to help everyone benefit from cloud technologies. You can find him and can connect directly on LinkedIn - https://ca.linkedin.com/in/venantius