target audience: TECH SUPPLIER Publication date: Jul 2022 - Document type: Market Share - Doc Document number: # US48889122
Worldwide Foundational Cloud Services Market Shares, 2021: Winning the Hearts and Applications of Digital-First Organizations and Modern Developers
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Abstract
This IDC study represents the first breakout of market share for the competitive FCS market, which represents the core elements of the IaaS, SaaS-SIS, and PaaS markets that end customers and SaaS providers depend upon to drive their own digital transitions. It reports on the two prior years, in addition to the year 2021, to provide context for how the market continues to evolve. It also provides a competitive analysis of the leading FCS market players worldwide and insights on FCS growth by region and associated submarkets.
"Organizations continued their strong adoption of shared public cloud services in 2021 to align IT investments more closely with business outcomes and ensure rapid access to the innovations required to be a digital-first business," said Rick Villars, group vice president, Worldwide Research at IDC. "For the next several years, leading cloud providers will play a critical role in helping enterprises navigate the current storms of disruption, but IT teams will also focus more on bringing greater financial accountability to the variable spend models of public cloud services."