cloud computing

Q3 cloud service expenditure increases by 28% in 2020 From Synergy Research

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The following is the Q3 cloud service expenditure increases by 28% in 2020 From Synergy Research recommended by recordtrend.com. And this article belongs to the classification: cloud computing.

According to new data from synergy research, as covid-19 drives changes in corporate behavior and accelerates the transition from local operations to cloud based services, enterprise spending on cloud services increased significantly in the third quarter. IAAs, PAAS and SaaS are now huge markets and are still growing rapidly, but their size inevitably leads to a steady decline in growth rates.

In the third quarter, the growth rates of IAAs, PAAS and SaaS all rebounded significantly, about 3 percentage points higher than the normal expectation. Every quarter, the major cloud providers benefit from the increased service expenditures of enterprises. Additional spending increased by about $1.5 billion in the quarter. In the third quarter, enterprises spent $65 billion on cloud infrastructure services (IAAs, PAAS, and hosted private cloud services) and SaaS, up 28% from the third quarter of 2019. PAAS continued to maintain its highest growth rate, reaching 37% in the third quarter.

John dinsdale, chief analyst at synergy research, said: “at synergy, we track the cloud market very closely and we know there will be strong growth in the third quarter, but the actual growth is higher than we expected. There is no doubt that covid-19 is the main driver of this growth. The transfer of workload to the public cloud is faster than expected, and managed software applications are particularly attractive for businesses that are popular around the world. A large number of hybrid cloud services also contribute to rapid adoption, which helps smooth the way to more use of the public cloud. Whatever the post pandemic world looks like, we don’t want these trends to reverse. “

Read more: synergy research: public cloud market ranking in the third quarter of 2018 Research: Q3 global cloud service revenue exceeds $24 billion in 2019 synergy research: in 2016, 24 super operators accounted for 68% of global cloud computing market Amazon cloud ranked No.1 synergy: Q3 cloud services and infrastructure market revenue reached $148 billion in 2016 SRG: Q1 data center infrastructure revenue of $35.8 billion in 2020 synergy research: Q2 data center infrastructure revenue of $30 billion in 2017, public cloud market growth of 35% synergy research: Microsoft Enterprise IT revenue increased by 150% in the past decade Research: the hosting and cloud collaboration market has grown more than fourfold over the past decade synergy research: Data Center spending will reach $93 billion in 2019 synergy research: cpaas revenue will grow by more than 40% in 2019

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