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TECH SUPPLIER Aug 2019 - Market Forecast - Doc # US44202119

Worldwide and Regional Public IT Cloud Services Forecast, 2019–2023

By: Frank GensSenior Vice President & Chief Analyst, IDC Public Cloud Forecast Team

Abstract

This IDC study forecasts revenue for 20 major categories of public IT cloud services, at the worldwide level and within 8 geographic regions. IDC's 2019-2023 forecast of robust worldwide and regional public IT cloud services spending reflects the fact that the cloud has rapidly emerged as the essential foundation for digital innovation in every industry and as the preferred services and information consumption model for consumers. Public cloud platforms, in particular, have become the primary launchpads for digital technology innovations — in AI, security, digital infrastructure, data services, IoT services, and more. As a result, over the forecast period, we predict a dramatically accelerated period of cloud-native digital innovation built around increasingly distributed and optimized cloud platforms and ecosystems and leveraging cloud-based AI, blockchain, and hyperagile application technologies such as containers, functions, microservices app architectures, and API-based integration.

According to IDC's Senior Vice President and Chief Analyst, Frank Gens, "The next five years will be a pivotal period for public cloud services providers and their customers. Enterprises that quickly and intelligently leverage the flood of digital technologies being launched almost weekly on public clouds are most likely to be leaders in the rising digital economy. We will also see the power of public cloud providers grow significantly the more quickly they deliver distributed cloud offerings beyond their own datacenters: into enterprises' datacenters, distributed facilities like retail stores and factories, and all the way out to the mobile edge."


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