TECH SUPPLIER Sep 2021 - Market Presentation - Doc # US46058920
Worldwide Foundational Cloud Services Forecast, 2021–2025: The Base of the Digital-First Economy
By: Rick VillarsGroup Vice President Worldwide Research, Lara GredenResearch Director, Platform as a Service (PaaS), Dave McCarthyResearch Vice President, Cloud and Edge Infrastructure Services, George MironescuSenior Research Manager, Accelerated Application Delivery & European Cloud Platforms, Chris MorrisVice President, IDC Asia/Pacific, Rasmus AndsbjergProgram Director, WW Software and Public Cloud Services Trackers
This IDC Market Presentation provides a new perspective on the 20212025 market trends and outlook for foundational infrastructure and platform cloud services. The leading foundational cloud services (FCS) providers (e.g., Amazon, Microsoft, Google, AliCloud, IBM, Tencent, Huawei, and Oracle) deliver a broad portfolio of compute, data, and app framework services (a subset of IaaS, PaaS, and SISaaS offerings) that enterprises and ISVs rely upon to build innovative digital services. IDC anticipates that this market segment will grow from $127.1 billion in 2021 to $338.3 billion in 2025 at a five-year CAGR of 28.8%. This IDC Market Presentation also provides insights on the different strategies that enterprises will adopt to align their use of the offerings from FCS providers with their own digital priorities. This document is being made available to clients of IDC's Cloud Services: Global Overview program.