{"id":1905,"date":"2017-10-20T10:25:24","date_gmt":"2017-10-20T14:25:24","guid":{"rendered":"https:\/\/solutionsreview.com\/cloud-platforms\/?p=1905"},"modified":"2017-10-20T10:26:42","modified_gmt":"2017-10-20T14:26:42","slug":"gartner-predicts-iaas-market-to-grow-23-31-through-2020","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/cloud-platforms\/gartner-predicts-iaas-market-to-grow-23-31-through-2020\/","title":{"rendered":"Gartner Predicts IaaS Market to Grow 23.31% Through 2020"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1495 size-full\" src=\"https:\/\/solutionsreview.com\/cloud-platforms\/files\/2016\/12\/OpenCloud-2017-Predictions-NFV-Unlocks-Video-and-Voice-Service-Development-the-Dumbphone-Dies-and-Mu.jpg\" alt=\"Gartner Predicts IaaS Market to Grow 23.31% Through 2020\" width=\"800\" height=\"350\" \/><\/p>\n<p><a href=\"https:\/\/www.gartner.com\/newsroom\/id\/3815165\" target=\"_blank\" rel=\"nofollow noopener\">Gartner\u2019s latest worldwide public cloud services revenue forecast<\/a>\u00a0 predicts Infrastructure-as-a-Service (IaaS), currently growing at a 23.31% Compound Annual Growth Rate (CAGR), will outpace the overall market growth of 13.38% through 2020. SaaS revenue is predicted to grow from $58.6B in 2017 to $99.7B in 2020. Taking into account the entire forecast period of 2016 \u2013 2020, SaaS is on pace to attain 15.65% compound annual growth throughout the forecast period, also outpacing the total cloud market.<\/p>\n<div class=\"wp-caption alignnone\"><span style=\"font-size: 1em\">Catalysts driving greater adoption and correspondingly higher CAGRs include a shift in infrastructure, middleware, application and business process services spending. In 2016, Gartner estimates approximately 17% of the total market revenue for these areas had shifted to the cloud. Gartner predicts by 2021, 28% of all IT spending will be for cloud-based infrastructure, middleware, application and business process services. Another factor is the adoption of Platform-as-a-Service (PaaS). Gartner remarks that enterprises are confident that PaaS can be a secure, scalable application development platform in the future.\u00a0<\/span><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gartner\u2019s latest worldwide public cloud services revenue forecast\u00a0 predicts Infrastructure-as-a-Service (IaaS), currently growing at a 23.31% Compound Annual Growth Rate (CAGR), will outpace the overall market growth of 13.38% through 2020. SaaS revenue is predicted to grow from $58.6B in 2017 to $99.7B in 2020. Taking into account the entire forecast period of 2016 \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[205,42,18,294,272],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gartner Predicts IaaS Market to Grow 23.31% Through 2020 - Best Enterprise Cloud Strategy Tools, Vendors, Managed Service Providers, MSP and Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/cloud-platforms\/gartner-predicts-iaas-market-to-grow-23-31-through-2020\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Doug Atkinson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/gartner-predicts-iaas-market-to-grow-23-31-through-2020\/\",\"url\":\"https:\/\/solutionsreview.com\/cloud-platforms\/gartner-predicts-iaas-market-to-grow-23-31-through-2020\/\",\"name\":\"Gartner Predicts IaaS Market to Grow 23.31% Through 2020 - 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