IDC: Global Public Cloud Service Revenue Will Grow by 29% in 2021 to Exceed $400 Billion

According to IDC's global semi-annual global public cloud service tracking report, the global public cloud service market - including infrastructure as a service (IaaS), platform as a service (PaaS), software as a service - system infrastructure software (SaaS - SIS), Software-as-a-Service - Applications - Overall grew 29.0% year-over-year for a total of $408.6 billion in full-year revenue.

Overall spending in 2021 will continue to show a trend of consolidation, with the top five public cloud service providers (Microsoft, AWS, Salesforce, Google, and SAP) accounting for nearly 40% of global total revenue, up 36.6% year-on-year. Among them, Microsoft occupies the first place in the entire public cloud market with a market share of 14.4%, and its products cover all four deployment categories, followed by AWS with a market share of 13.7%.

Rick Villars, vice president of IDC's Worldwide Research Group, said: "Enterprise organizations will continue to vigorously adopt shared public cloud services in 2021, aligning IT investments more closely with business outcomes and ensuring rapid access to the innovations needed for digital-first businesses.", leading cloud providers will play a key role in helping businesses weather the current storm of disruption (inflation, supply chain and geopolitical tensions, etc.), but IT teams will also focus more Enhanced financial responsibility in cloud service spending models.

The overall public cloud services market grew by 29.0% in 2021, while foundational cloud services* revenues supporting digital-first strategies increased by 38.5%, illustrating the increasing reliance of enterprises around widely deployed computing services, data/AI The cloud innovation platform built by cloud service and application framework service promotes innovation. At present, enterprises need to use the cloud to overcome the current difficulties and accelerate the transformation to digital business. Therefore, IDC predicts that the expenditure on basic cloud services (especially IaaS and PaaS) will continue to grow faster than the overall growth rate of the cloud market.

Dave McCarthy, research vice president of cloud and edge infrastructure services at IDC, said: "The past few years have demonstrated that in challenging times, enterprises are increasingly relying on cloud services to modernize operations and deliver more value to customers. As public cloud providers Provide more and more ways to extend cloud services to local data centers or edge locations. This trend is expected to continue. More and more deployment options also remove many barriers to migration and promote the adoption of the next wave of cloud .”

Lara Greden, Research Director, Platform as a Service, IDC, said: "In a digital-first world, companies that seriously consider the long-term competitive situation will use the perspective of business outcomes to evaluate strategic technology decisions, which promotes the rapid growth of the public cloud market. systems. Cloud service providers are working tirelessly to improve developer productivity and the overall speed of application delivery, including a variety of approaches emphasizing container-first and serverless-first."

Eric Newmark, vice president of IDC and general manager of SaaS, enterprise software and global services, said: "SaaS applications are still the largest and most mature segment in the public cloud, with revenues reaching $177 billion in 2021. Although enterprise goals have not changed, but the COVID-19 pandemic continues to drive accelerated upgrades and replacements of legacy systems. Businesses seek applications that help increase business intelligence, improve operational efficiency, and drive better decision-making. Ease of use, ease of implementation and integration, streamlined workflow, data and Analytics accessibility, time to value, and more are all key criteria driving buying decisions, while verticalization is steadily growing as a key priority."