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- The success of cloud technology last year has now paved the way for SaaS to have its most impactful year yet. According to a report from Forrester, "the pandemic turbocharged the market by mid-2020, and Forrester now predicts that the global public cloud infrastructure market will grow 35% to $120 billion in 2021."
www.forbes.com/councils/forbestechcouncil/2021/03/09/why-cloud-technology-is-expected-to-dominate-2021/
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- Companies that maximize cloud value approach it across three dimensions: rejuvenate, innovate, and pioneer. To quantify the total potential value that companies could generate by adopting cloud, we conducted detailed analyses based on three reports from the McKinsey Global Institute (MGI); McKinsey D2020 benchmarking for IT spending structure based on more than 1,000 IT diagnostics worldwide; and independent third-party surveys of more than 1,000 organizations that have adopted cloud to pursue potential gains in operational efficiency.
- Cloud adoption could generate $3 trillion in EBITDA value by 2030. In 2021, we analyzed the value at stake from cloud adoption for US Fortune 500 companies and found that it could generate about $1 trillion in value by 2030.1“Cloud’s trillion-dollar prize is up for grabs,” McKinsey Quarterly, February 26, 2021.
- Cloud remains one of the largest value enablers in enterprise technology, but its impact varies. We’ve broken down cloud’s impact into four distinct groups.
- Asia has the largest potential for EBITDA lift. Asia has the highest cloud value potential—about $1.3 trillion by 2030. While Asian companies lag their North American counterparts in their current levels of cloud adoption, they make up the highest regional revenue share (38 percent) of the Forbes Global 2000 companies we analyzed.
Mar 9, 2021 · Cloud technology is nothing new, but the disruption resulting from Covid-19 showed the importance of having key services available online.
Jul 31, 2024 · Gen AI has the potential to make cloud a more attractive investment, by both dramatically reducing the investment and time needed to adopt cloud and generating new value by supporting new business and tech use cases.
Nov 10, 2021 · Global Cloud Revenue to Total $474 Billion in 2022, Up from $408 Billion in 2021. The ongoing pandemic and the surge in digital services are making cloud the centerpiece of new digital experiences, said Gartner, Inc.
Aug 2, 2021 · Gartner forecasts end-user spending on public cloud services to reach $396 billion in 2021 and grow 21.7% to reach $482 billion in 2022 (see Table 1). Additionally, by 2026, Gartner predicts public cloud spending will exceed 45% of all enterprise IT spending, up from less than 17% in 2021.
Mar 10, 2021 · Cloud technology allows startups and midsize companies to access big tech capabilities — compute power, algorithms, programming tools, and architectures — and partner in an ecosystem with ...
Feb 16, 2021 · Moving to the cloud can create a host of benefits for companies, including slashed IT costs, more flexibility, increased efficiency, improved security, boosted performance, and the potential for...
