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Overachieving in terms of growth predictions

Overachieving in terms of growth predictions

As we work hard to make headway, relating to either business value or personal development, cloud services have shown that they offer many opportunities for those that are looking for growth.

It was only the 2nd of April, 2019 when Gartner predicted that the worldwide public cloud services market would grow an astonishing 17,5 percent that year. Little did they know that their expected grand total of 214.3 billion would be a gross underestimation. According to research by alliedmarketresearch.com, the cloud services market size was valued at 264,8 billion by the end of 2019.

It should come as little surprise that the COVID-19 pandemic has disrupted recent predictions of growth for the upcoming years. Be that as it may, experts predict that the overall cloud services market will continue to grow despite the temporary decline in growth rates. Here’s what Sid Nag, vice president of research at Gartner, had to say; ’’When enterprises were compelled to move their applications to the public cloud as a result of the pandemic, they realized the true benefits of public cloud and it is unlikely that they will change course. In the recovery and rebound phase, CIOs are recognizing that they don’t need to bring workloads back on-premises, which will further increase cloud spending and drive new applications around cloud-hosted collaboration that incorporate emerging technologies such as virtual reality and immersive video experiences.”

Of course, numbers may vary between institutions because they rely on research criteria and other factors. Nevertheless, the important takeaway here is that the COVID-19 pandemic has served as an accelerator for cloud migration.

Recent Gartner surveys even show that more than a third of organizations see cloud investment as a top 3 investing priority. Information provided by statista.com shows that over 50 percent of the PaaS and IaaS market is held by Amazon (24,3%), IBM (16%), Google (7,3%) and Microsoft (7%). With cloud services in high demand, you might wonder what a company outside of the big four could have to offer.

We’ve seen that the global pandemic has served as an accelerator for cloud migration. A large market share means lots of clients, more clients means even less time for a personal approach towards problem-solving. If flexibility and personal attention are what you’re looking for, you might not be satisfied with being put on hold while waiting to connect with the next helpdesk assistant at one of the big four. So just keep in mind that smaller companies such as Platform.sh, Nanobox, Dokku and DeltaBlue can offer an alternative if you need more of a personal approach. If you’d like to get a glimpse of why we’re different, read our blog about ‘Lift and Shift’ at Delta.Blue

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