In 2022, the global public cloud services market is expected to grow by approximately 22 percent, which amounts to about 482 billion U.S. dollars. While the growth of cloud services is relatively rapid, it still represents a small percentage of the global IT services market, which is forecast to reach more than one trillion U.S. dollars in 2021.
What is a public cloud?
A public cloud is a type of cloud computing through which a service provider makes resources, such as applications, virtual machines, or storage capabilities available to the public via the internet. Clients pay for these resources through a pay-as-you-go model or by subscription. The kind of resources offered vary by cloud provider, which is why organizations that want to migrate their data and workloads to the cloud need to develop a migration strategy beforehand.
Public cloud as part of the IT infrastructure solution
Today’s clouds used by organizations are usually not deployed as standalone solutions. Rather, they are an integral part of a heterogeneous mix of information technology (IT) network solutions and environments. Ultimately, organizations seek to increase performance and security while lowering costs and ensuring a wider availability of their services and applications by deploying public clouds.
Market growth forecast for public cloud services worldwide from 2011 to 2022**
* Forecast. Growth rate figures calculated by Statista based on forecast revenue figures provided by the source.
**The cloud advertising segment was removed from Gartner's public cloud services forecast segments starting from 2017. The 2017 growth rate is the result of comparing 2017 public cloud revenue to 2016 public cloud revenue excluding the cloud advertising segment.
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Gartner, & Statista. (August 2, 2021). Market growth forecast for public cloud services worldwide from 2011 to 2022** [Graph]. In Statista. Retrieved January 29, 2022, from https://www.statista.com/statistics/203578/global-forecast-of-cloud-computing-services-growth/
Gartner, und Statista. "Market growth forecast for public cloud services worldwide from 2011 to 2022**." Chart. August 2, 2021. Statista. Accessed January 29, 2022. https://www.statista.com/statistics/203578/global-forecast-of-cloud-computing-services-growth/
Gartner, Statista. (2021). Market growth forecast for public cloud services worldwide from 2011 to 2022**. Statista. Statista Inc.. Accessed: January 29, 2022. https://www.statista.com/statistics/203578/global-forecast-of-cloud-computing-services-growth/
Gartner, and Statista. "Market Growth Forecast for Public Cloud Services Worldwide from 2011 to 2022**." Statista, Statista Inc., 2 Aug 2021, https://www.statista.com/statistics/203578/global-forecast-of-cloud-computing-services-growth/
Gartner & Statista, Market growth forecast for public cloud services worldwide from 2011 to 2022** Statista, https://www.statista.com/statistics/203578/global-forecast-of-cloud-computing-services-growth/ (last visited January 29, 2022)