Oz Set To Outstrip Globe With Cloud Spending: Gartner
Spending on public cloud services in Australia will grow 19 percent to A$6.5 billion in 2019, outperforming the global rate, leading market research company Gartner has forecast.
The Australian growth rate compares with 17.5 percent globally, Gartner says, with the total Aussie market soaring from $182.4 billion last year to $214.3 billion in 2019.
In Australia, the strongest growth rate is tipped to come from cloud infrastructure services, or IaaS. However software-as-a-service is by far the biggest market sector Down Under, with end-user spending in this category expected to total $4.09 billion.
PaaS figures are tipped to reach $416 million; IaaS $652 million, Bpaas
$1.02 billion, and cloud management and security services $331 million.
“Cloud services are definitely shaking up the industry,” said Sid Nag, research VP at Gartner. He added: “We know of no vendor or service provider today whose business model offerings and revenue growth are not influenced by the increasing adoption of cloud-first strategies in organisations.”
And all this is just the start. By 2022 Gartner is tipping global cloud service revenue to hit $331 billion. The Australian total in the same period is tipped at $10.27 billion.
Gartner also forecasts that by the end of this year, more than 30 percent of technology providers’ new software investments will shift from cloud-first to cloud-only.
Gartner says that its analysts will provide additional analysis on many cloud matters at an event in Sydney on April 29-30.