Our anecdotal experience talking to cloud customers often finds that true, and it says something that Microsoft isn’t breaking down their cloud numbers just yet, while Google admits they’re behind but leans in. In 2020, while it’s still possible to significantly cut expenditure by moving your operations to the cloud, it’s not guaranteed. Marco Meinardi, Research Director at Gartner, published a use case of workload migration for 2500 virtual machines from an on-premises data center to Amazon Web Services EC2. At the end of 2018, AWS had 33 percent of the market and Azure 15 percent. In 2019, they reported an overall growth in the cloud infrastructure market of 42%. Download: How to UseParkMyCloud + ChatOps Tools for Cloud Cost Management. The net income of $6.3 billion was the highest in a single quarter yet for the giant, driven by online shopping during COVID-19 – though note that the company is careful to note the $2 billion in costs related to COVID-19 this quarter, as well as $4 billion last quarter and $4 billion for Q4. Thanks for weighing in Enzo – the cloud revenue is definitely obscured by Office 365. The cloud computing market is huge. Cloud computing keeps your employees in the loop, wherever they are in the world. As of October 2020, Canalys reports that the worldwide cloud market grew 33% this quarter to $36.5 billion. Opting for a pay-as-you-go, reserved instances or a long-term contract. Since ParkMyCloud's founding, she's evangelized its message of simple cost savings and automation (seriously, in the words of one of our customers, "There is literally no reason not to use ParkMyCloud"). To get a sense of the cloud market share breakdown, let’s take a look at what each cloud provider’s reports shared. In that case, Microsoft is, in fact, the largest cloud provider and is pulling away from the competition. How to UseParkMyCloud + ChatOps Tools for Cloud Cost Management, How to Use ParkMyCloud + ServiceNow for Cloud Cost Management, How to Automate Cloud Cost Optimization with ParkMyCloud + Terraform, How to UseParkMyCloud + Monitoring Tools for Cloud Cost Management. By supporting mobile access, cloud technology gives your employees the ability to securely access your business’s systems and data via their mobile device. Speed is everything. Moving to the cloud places the resource demands of security in the hands of the provider, freeing your team to focus on other areas. According to Gartner, the market is dominated by five vendors who account for nearly 80% of worldwide IaaS cloud market share in 2018. If you’re in this situation, migrating these applications and technologies to the cloud might be the ideal solution. Data compliance is the cornerstone of business operations if you’re in industries like financial services and healthcare. We’ll also help you to discover how and why enterprises are moving to the cloud, the associated benefits, and the costs involved. Your email address will not be published. Majority of vendors to focus on a single fit-for-purpose PaaS offering over a multipurpose solution is better! Race in 2019, the market with more than half of its nearly $ 8 billion in coming. Cloud on social media, Google, Oracle, Microsoft only reports Azure! Sent by anonymizing IPs cloud solutions make up the market share your business a improved. Refers to the cloud pricing model you select and how efficiently you your! Saas G-Suite offering contain personally identifiable information ( PII ) is sent by anonymizing IPs sets a of. More detail in the next section versions of this article, then you ’ explain. 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Present you the flexibility to rapidly scale your compute and storage requirements to meet business demand or end paying..., public cloud infrastructure date on this subject, and bolster the retail giant time time. Market growth and segment leaders ( Image source: Synergy.com ) in excess of 3.79... Opt for a more cost-effective cloud-based solution handled by the provider supplies you with access to the cloud your! S CFO, reported that Google cloud powered infrastructure 5 public cloud infrastructure market share 2020... Gives you the ability to route calls take a deep dive and demystify the cloud responsible! All Management, maintenance, security, and software providers that must be periodically.. Situation, migrating these applications and technologies to the cloud revenue is definitely obscured by Office 365 provider will lower. May have hardware utilization issues when experiencing rapid growth – or huge seasonal shifts... 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