We are looking for technological partners and potential investors to accelerate our global expansion and help us move to new markets. Cloud-based service providers pose an excellent investment opportunity, and this is confirmed by different research companies:
- By 2018, at least half of IT spending will be Cloud-based, reaching 60% of all IT infrastructure, and 60–70% of all Software, Services, and Technology Spending by 2020. IDC also predicts that by 2018, Cloud will also be the preferred delivery mechanism for analytics. IDC USA
- Global Cloud IT market revenue is predicted to increase from $180B in 2015 to $390B in 2020, attaining a Compound Annual Growth Rate (CAGR) of 17%. In the same period, SaaS-based apps are predicted to grow at an 18% CAGR, and IaaS/PaaS is predicted to increase at a 27% CAGR. Bain & Company
- Cloud computing spending is growing 4.5 times the rate of IT spending since 2009 and is expected to grow more than 6 times the rate of IT spending from 2015 through 2020. According to IDC USA, worldwide spending on public cloud computing will increase from $67B in 2015 to $162B in 2020 attaining a 19% CAGR.
- Gartner predicts worldwide public cloud services market will grow 18% in 2017 to $246.8B, up from $209.2B in 2016.Infrastructure-as-a-Service (IaaS) is projected to grow 36.8% in 2017 and reach $34.6B. Software-as-a-Service (SaaS) is expected to increase 20.1%, reaching $46.3B in 2017. Gartner
- Public cloud platforms, business services, and applications (software-as-a-service [SaaS]) will grow at a 22% CAGR between 2015 and 2020, reaching $236B. Cloud platform revenues, whose 2020 total of $64B will be 45% higher than Forrester projected two years ago. The much larger cloud application market will also grow faster, with the 2020 total of $155B being 17% higher than their 2014 projection. Gartner
Cloud platforms are allowing more new business models and orchestrating more global integration networks than many analysts had predicted.