Analysts

Gartner Says Public Cloud Revenue to Exceed $200 Billion in 2019



Written by David Marshall

In its latest forecast for the worldwide public cloud services market, analyst firm Gartner said it expects revenue to continue to grow by 17.3%, topping $206 billion next year.  That's up from $175.8 billion in 2018. 

The analyst firm points out that the fastest-growing segment of the market is cloud system infrastructure services (Infrastructure-as-a-service or IaaS), which includes the bulk of the public cloud services offered by companies such as Amazon Web Services Inc., adding that it will remain the fastest-growing individual segment in the market, growing by 27.6% in 2019 to reach $39.5 billion, up from $31 billion in 2018.

Moreover, Gartner said it expects that by 2022, 90% of organizations purchasing public cloud IaaS will do so from a company that integrates these offerings with platform-as-a-service products, using both capabilities from the same provider.

Gartner Survey Says Cloud Computing Remains Top Emerging Business Risk

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Cloud computing ranks as the top risk concern for executives in risk, audit, finance and compliance, according to the latest survey by Gartner, Inc. While cloud computing presents organizations with novel opportunities, a number of new risks - including cybersecurity disclosure and General Data Protection Regulation (GDPR) compliance - make cloud solutions susceptible to unexpected security threats.

In Gartner's latest quarterly Emerging Risks Report, 110 senior executives in risk, audit, finance and compliance at large global organizations identified cloud computing as the top concern for the second consecutive quarter. Additional information security risks, such as cybersecurity disclosure and GDPR compliance, ranked among the top five concerns of the executives surveyed.

The top two fast-moving, high-impact risks - those which have the ability to cripple an organization quickly - are also related to information security threats. Social engineering and GDPR compliance were cited as most likely to cause the greatest enterprise damage if not adequately addressed by risk management leaders, according to Gartner. However, only 18 percent of the cross-functional executives surveyed currently considered social engineering to be a significant enterprise risk.

Threat Stack Releases 451 Research Pathfinder Report: Refocusing Security Operations in the Cloud Era

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Threat Stack announced the publication of the 451 Research Pathfinder Report: Refocusing Security Operations in the Cloud Era. The Pathfinder Report, commissioned by Threat Stack, provides specific and actionable guidance for IT, DevOps, and security teams as they adapt to the increased adoption of public cloud, DevOps practices, and modern infrastructure like containers.

As organizations continue to adopt public cloud and drive towards digital transformation initiatives, many will shift towards a DevOps culture that values agility and flexibility in the development process. The 451 Research Pathfinder Report cautions that it can be easy to overlook security during this transition and provides security guidance for organizations with an IT infrastructure in transition.

Worldwide Cloud IT Infrastructure Revenues Continue to Grow by Double Digits in the First Quarter of 2018, According to IDC

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According to the International Data Corporation (IDC) Worldwide Quarterly Cloud IT Infrastructure Tracker, vendor revenue from sales of infrastructure products (server, storage, and Ethernet switch) for cloud IT, including public and private cloud, grew 45.5% year over year in the first quarter of 2018 (1Q18), reaching $12.9 billion. IDC also raised its forecast for total spending on cloud IT infrastructure in 2018 to $57.2 billion with year-over-year growth of 21.3%.

Public cloud infrastructure quarterly revenue has more than doubled in the past three years to $9.0 billion in 1Q18, growing 55.8% year over year. Private cloud revenue reached $3.9 billion for an annual increase of 26.5%. The combined public and private cloud revenues now represent 46.1% of the total worldwide IT infrastructure spending, up from 41.8% a year ago. Traditional (non-cloud) IT infrastructure revenue grew 22.0% from a year ago, although it has been generally declining over the past several years; at $15.1 billion in 1Q18 it still represents 53.9% of total worldwide IT infrastructure spending.

Ovum Places Ericom Shield "On the Radar" for Secure Browsing

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Ericom Software announced today that leading global analyst firm Ovum has chosen to cover Ericom Shield in its "On the Radar" series. Ericom Shield leverages strong remote browser isolation technology to protect organizations against known and unknown web-borne threats including ransomware, drive-by downloads, zero-day attacks, and crypto-jacking.  

According to Ovum, every "organization with an online presence is susceptible to attack and their systems can be put at risk to browser-borne malware." In the "On the Radar: Ericom Shield provides secure browsing facilities" report, Ovum recommends Ericom Shield as an additional layer of protection against malware that "penetrates and attaches itself to business systems via inadequately protected browsers", in conjunction with firewalls, URL filtering and other traditional protection tools.

Ovum singles out Ericom Shield's centrally managed design, which requires "no on-browser or on-device software" as a key advantage of the solution. The report also highlights the pre-integrated content disarm and reconstruction (CDR) tools that are included in Ericom Shield, which sanitize files of potential malware before they are downloaded from the internet to endpoints.

IDC Launches New Cloud Primary Research Targeted to Get Inside the Minds of Cloud Buyers, Developers, and Service Providers

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International Data Corporation (IDC) has launched an end-to-end research solution that provides customers with a complete understanding of the buyers and consumers of cloud products and services across the entire cloud ecosystem.

Extending beyond how the enterprise is sourcing the cloud, this research delves into developer and service provider trends through large sample sizes that go deep in areas including customer preferences in software as a service (SaaS), infrastructure as a service (IaaS), platform as a service (PaaS), and managed cloud services.

Worldwide Public Cloud Services Spending Forecast to Reach $160 Billion This Year, According to IDC

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Worldwide spending on public cloud services and infrastructure is forecast to reach $160 billion in 2018, an increase of 23.2% over 2017, according to the latest update to the International Data Corporation (IDC) Worldwide Semiannual Public Cloud Services Spending Guide. Although annual spending growth is expected to slow somewhat over the 2016-2021 forecast period, the market is forecast to achieve a five-year compound annual growth rate (CAGR) of 21.9% with public cloud services spending totaling $277 billion in 2021.

The industries that are forecast to spend the most on public cloud services in 2018 are discrete manufacturing ($19.7 billion), professional services ($18.1 billion), and banking ($16.7 billion). The process manufacturing and retail industries are also expected to spend more than $10 billion each on public cloud services in 2018. These five industries will remain at the top in 2021 due to their continued investment in public cloud solutions. The industries that will see the fastest spending growth over the five-year forecast period are professional services (24.4% CAGR), telecommunications (23.3% CAGR), and banking (23.0% CAGR).

Citrix Named a Leader for Cloud and Hybrid Solutions in Enterprise File Sync and Share Platforms

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Citrix is positioned as a leader in both The Forrester Wave: Enterprise File Sync and Share Platforms -Cloud Solutions, Q4 2017 report as well as The Forrester Wave: Enterprise File Sync and Share Platforms -Hybrid Solutions, Q4 2017 report. The two new, independent Forrester Wave reports evaluate enterprise files sync and share vendors.

According to The Forrester Wave, Cloud Solutions report, "Citrix differentiates with its process and security offerings. Citrix provides cloud and hybrid deployment options for ShareFile, its EFSS offering. Customers can share and collaborate on files, as well as get approvals or eSignatures in the context of a business process. It supports large files - up to 100 GB - by default. Customers can protect content with data loss prevention (DLP), mark sensitive items with configurable watermarking tools, and execute auditable transactions with digital signature support."

Worldwide Spending on Industry Cloud by Financial Firms Set To Grow by 24% in 2018, According to IDC

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Worldwide spending on industry cloud in the finance industry (banking, insurance, and securities and investment services combined) is expected to reach $3.2 billion in 2017, which represents an increase of 26% over 2016, according to the International Data Corporation (IDC) Worldwide Semiannual Industry Cloud Tracker. IDC expects the amount to more than double in 2021, amassing total worldwide spending of $7.2 billion.

The manufacturing industry (both discrete and process combined) was a larger spender on industry cloud though, relative to its finance counterpart. This industry is expected to spend $4.2 billion in 2017 and achieve year-over-year growth of 23% in 2018. Similar to the finance industry, the manufacturing industry is also set to double its 2017 spending in 2021, reaching a total of $9.2 billion by then.

However, these two industries pale in comparison when matched against the spending might of healthcare providers. IDC forecasts healthcare providers across the world will spend a total of $8.9 billion in adopting industry cloud solutions during 2017. This industry is expected to increase spending by 20% year over year in 2018 on industry cloud solutions; by 2021, the same industry will spend a staggering $17.6 billion on industry cloud.

VMware Named Leader in Cloud Systems Management and Automation Software by Global Analyst Firm for Fourth Consecutive Year

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VMware, Inc., a global leader in cloud infrastructure and business mobility, today announced that leading analyst firm IDC has named VMware as the market share leader in both worldwide cloud systems management and datacenter automation software based on 2016 revenues. VMware topped both categories for the fourth year in a row.

"These industry reports validate our commitment to delivering a comprehensive, enterprise-ready cloud management platform that enables organizations to gain a major competitive edge," said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit, VMware. "Delivering on our vision for the future of infrastructure has afforded us to maintain the leadership position in both cloud systems management and datacenter automation. Being recognized by IDC is an honor, and we look forward to continued collaboration with our customers to meet their evolving cloud management and automation demands."