A Deep Dive into SaaS Public Cloud Market Share

[mouakter14]

If we take a closer look at the segments that make up the cloud market, public cloud solutions make up the majority. This aligns closely with the RightScale 2019 State of Cloud report. According to this study, 91% of companies reported using a public cloud computing service, 72% opted for a private cloud computing solution, and 69% chose a hybrid solution.

According to IDC projections, worldwide spending on cloud infrastructure and public services is projected to double over the next five years. Growing from a run rate of $229 billion in 2019 to nearly $500 billion in 2023. Driven by a five-year compound annual growth rate (CAGR).

The IDC report identifies SaaS as the largest spending category, capturing more than half of all public cloud spending during the forecast period. IaaS is reported as the second largest spending category and is the fastest growing with a projected five-year CAGR of 32.0%. PaaS is the lowest spending category, with the second highest five-year CAGR at 29.9%.

For a more detailed view of the public cloud market, we need belgium phone number data to turn to alternative research and reports.

Software as a Service is the most mature public cloud market, showing healthy growth. Recent data from Synergy Research Group reports that software vendors will generate revenues of over $23 billion by the first quarter of 2019.

Putting the market at an annual run rate of over $100 billion, the report highlights annual growth of nearly 30%, closely correlating with IDC’s aforementioned Worldwide Cloud Public Services Spending Guide.

The SaaS market is dominated by five key vendors. Together, these SaaS vendors account for 51% of the global SaaS cloud market share.

Microsoft is leading the way with a 17% market share and impressive annual growth of 34%. Microsoft continues to gain market share, primarily due to its dominance in the high-growth collaboration segment.