{"id":10936,"date":"2022-06-29T16:39:10","date_gmt":"2022-06-29T11:09:10","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=10936"},"modified":"2022-06-29T16:41:23","modified_gmt":"2022-06-29T11:11:23","slug":"cloud-market-share","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share","title":{"rendered":"Cloud Market Share Ecosystem in 2022"},"content":{"rendered":"\n<p>Cloud computing has grown in popularity today, expanding into technologies, products, and services. Today, cloud computing is a multi-billion dollar economy with multiple providers competing for market share. As a consumer, it is easy to get confused by this huge cloud ecosystem. Usually, people use either Amazon Web Services, Microsoft Azure, or Google <a href=\"https:\/\/dev.saasworthy.com\/blogtop-10-cloud-communication-platforms\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">Cloud Platform<\/a>. Apart from these, there are several other providers that remain a mystery. Let us try to demystify the cloud market by enumerating the different cloud services, recognizing the leading cloud providers, and exploring their cloud market share. We shall also touch upon why enterprises are moving to the cloud and the expenses involved.&nbsp;<\/p>\n\n\n\n<p>There are three main types of cloud computing, each with its own range of services and cloud providers. The three main <a href=\"https:\/\/dev.saasworthy.com\/bloghow-cloud-computing-helping-society-survive-covid-19\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">cloud computing<\/a> categories are &#8211;&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Infrastructure_as_a_Service\" title=\"Infrastructure as a Service \">Infrastructure as a Service <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Platform_as_a_Service_PaaS\" title=\"Platform as a Service (PaaS)\">Platform as a Service (PaaS)<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Software_as_a_Service_SaaS\" title=\"Software as a Service (SaaS)\">Software as a Service (SaaS)<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Private_Cloud\" title=\"Private Cloud \">Private Cloud <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Public_Cloud\" title=\"Public Cloud \">Public Cloud <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Hybrid_Cloud\" title=\"Hybrid Cloud \">Hybrid Cloud <\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Cloud_Computing_Market_-_An_Overview_in_2022\" title=\"Cloud Computing Market &#8211; An Overview in 2022\">Cloud Computing Market &#8211; An Overview in 2022<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Understanding_the_SaaS_Public_Cloud_Market_Share\" title=\"Understanding the SaaS Public Cloud Market Share &nbsp;\">Understanding the SaaS Public Cloud Market Share &nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Evolution_of_the_Saas_Market\" title=\"Evolution of the Saas Market\">Evolution of the Saas Market<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Traditional_Enterprise_Software_Vendors\" title=\"Traditional Enterprise Software Vendors \">Traditional Enterprise Software Vendors <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Vendors_that_are_born_in_the_cloud\" title=\"Vendors that are born in the cloud\">Vendors that are born in the cloud<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Large_IT_Vendors\" title=\"Large IT Vendors \">Large IT Vendors <\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Exploring_and_figuring_out_the_IaaS_and_PaaS_public_crowd_market\" title=\"Exploring and figuring out the IaaS and PaaS public crowd market\">Exploring and figuring out the IaaS and PaaS public crowd market<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Provider_with_the_largest_market_share_in_Public_Cloud_infrastructure\" title=\"Provider with the largest market share in Public Cloud infrastructure?&nbsp;\">Provider with the largest market share in Public Cloud infrastructure?&nbsp;<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Why_are_businesses_migrating_to_the_cloud\" title=\"Why are businesses migrating to the cloud?&nbsp;\">Why are businesses migrating to the cloud?&nbsp;<\/a><\/li><\/ul><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class=\"ez-toc-list-level-3\"><li class=\"ez-toc-heading-level-3\"><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/dev.saasworthy.com\/blog\/cloud-market-share\/#Read_More\" title=\"Read More\">Read More<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 id=\"infrastructure-as-a-service\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Infrastructure_as_a_Service\"><\/span>Infrastructure as a Service <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the IaaS model, the provider gives you on-demand access to different computing elements like networking, servers, and storage. You get to run your own applications and platforms with the provider\u2019s infrastructure. You also get a flexible hardware resource that is scalable, and subject to storage and processing needs.&nbsp;<\/p>\n\n\n\n<h3 id=\"platform-as-a-service-paas\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Platform_as_a_Service_PaaS\"><\/span>Platform as a Service (PaaS)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the <a href=\"https:\/\/dev.saasworthy.com\/blogtop-5-ipaas-software-for-businesses\" target=\"_blank\" aria-label=\"PaaS (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">PaaS<\/a> model, you get access to a cloud environment where you can develop, host, and manage applications. You get a wide range of tools on the platform for testing and development. The underlying infrastructure, operating systems, and backups are the prerogative of the provider.&nbsp;<\/p>\n\n\n\n<h3 id=\"software-as-a-service-saas\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Software_as_a_Service_SaaS\"><\/span>Software as a Service (SaaS)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In this model, the provider gives you access to cloud-based software. You don\u2019t have to install the software on your device. You can access the provider\u2019s application through the web or an API.<\/p>\n\n\n\n<p>The application allows you to store and analyze your own data so you don\u2019t have to waste time installing, managing, or upgrading software. Within each of these services, categories are 3 options &#8211; public, private, and hybrid cloud solutions.<\/p>\n\n\n\n<h3 id=\"private-cloud\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Private_Cloud\"><\/span>Private Cloud <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can host your own data center or intranet on a private cloud. The ownership, management, updating, and upgrading of your cloud elements of server, networking, software, or platform resources. You have to protect it with your own firewall and security services.&nbsp;<\/p>\n\n\n\n<h3 id=\"public-cloud\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Public_Cloud\"><\/span>Public Cloud <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under this system, the provider supplies you with access to their data center infrastructure. The provider is responsible for maintenance, cloud management, security, and updates.&nbsp;<\/p>\n\n\n\n<h3 id=\"hybrid-cloud\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hybrid_Cloud\"><\/span>Hybrid Cloud <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A hybrid cloud is where you can use a mix of both private and public cloud solutions. The management of the two services is your responsibility. You also have to oversee how the two services interact, in particular the security of data passing between private and public cloud setups.&nbsp;<\/p>\n\n\n\n<h2 id=\"cloud-computing-market-an-overview-in-2022\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cloud_Computing_Market_-_An_Overview_in_2022\"><\/span>Cloud Computing Market &#8211; An Overview in 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The cloud computing market is massive. According to new data from the Synergy Research Group, 7 key cloud service, and infrastructure market segments, vendors and operators make revenue in excess of $150 billion in the first half of 2019. There is still scope for expansion especially if you consider Gartner\u2019\u2019s projected worldwide IT spending of $3.79 trillion in 2019.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.saasworthy.com\/blog_latest\/wp-content\/uploads\/2022\/06\/image-1024x586.png\" alt=\"Cloud Market Share \" class=\"wp-image-10938\" width=\"739\" height=\"423\" srcset=\"https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/image-1024x586.png 1024w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/image-400x229.png 400w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/image-131x75.png 131w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/image-1536x878.png 1536w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/image-900x515.png 900w, https:\/\/dev.saasworthy.com\/blog\/wp-content\/uploads\/2022\/06\/image.png 1600w\" sizes=\"(max-width: 739px) 100vw, 739px\" \/><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>If we observe the segments that comprise the cloud market, public cloud solutions are in the majority. This is in line with the RightScale 2019 State of Cloud Report, which states that 91\\% of all businesses claimed to use a public cloud service, with 72\\% going with a private cloud solution and 69\\% choosing a hybrid cloud solution.<\/li><li>According to IDC projections, worldwide spending on public cloud services and infrastructure is slated to double over the next half-decade. This is unsurprising because many benefits come bundled with cloud computing. It has grown from a $229 billion run rate in 2019 to around $500 billion by 2023, facilitated by a 5-year compound annual growth rate (CAGR).<\/li><li>According to the IDC, SaaS is the largest spending category which has more than half of all public cloud spending through the forecasting period. Reported as the second-largest spending, IaaS is the fastest growing with a projected 5-year CAGR of 32\\%. And finally, we have PaaS, the lowest spending category with the second-largest first-year CAGR of 29.9\\%. For a more comprehensive look at the public cloud market, let us go through some alternative research and reports. &nbsp;<\/li><\/ul>\n\n\n\n<h3 id=\"understanding-the-saas-public-cloud-market-share\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Understanding_the_SaaS_Public_Cloud_Market_Share\"><\/span>Understanding the SaaS Public Cloud Market Share &nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Healthy growth is exhibited by Software as a Service SaaS. According to data from the Synergy Research Group, software vendors are making a lot of money-$23 billion for Q1 2019, to be exact. That puts the market at an annual rate in excess of $100 billion. <\/li><li>According to the report, the annual growth rate is almost 30\\%, corresponding closely with the IDC\u2019s Worldwide Partic Cloud Services Spending Guide. 5 key vendors make up the worldwide SaaS market share. Combine them, and you get 51\\% of the worldwide SaaS cloud market share.&nbsp;<\/li><li>Next comes Salesforce, with a SaaS market share of 12\\% with an annual growth rate of 21\\%. Next comes Adobe with a 10\\% SaaS market share and an annual growth rate of 29\\%. Next comes SAP, with a 6\\% SaaS market share and a 39\\% reported annual growth rate. Finally, we have Oracle, with a 6\\% SaaS market share and a 39\\% reported growth rate &#8211; the highest among all the five.<\/li><li>Next, we have 10 vendors that makeup around 26\\% of the SaaS market with a growth of 26\\%. On the list of vendors are tech giants like Google, Cisco, IBM, ServiceNow, and Workday.&nbsp;<\/li><\/ul>\n\n\n\n<h3 id=\"evolution-of-the-saas-market\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolution_of_the_Saas_Market\"><\/span>Evolution of the Saas Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The SaaS market may appear mature, yet there is quite a lot of scope for expansion. Right now, the<a href=\"https:\/\/dev.saasworthy.com\/blogsaas-market-statistics-2021\" target=\"_blank\" aria-label=\" SaaS market  (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\"> SaaS market <\/a>accounts for just 20\\% of total enterprise software spending. On-premise software takes up the lion\u2019s share of enterprise software spending. SaaS vendors are being drawn to this market to tempt businesses to adopt a cloud setup. As of 2019, the SaaS vendor landscape is divided into three parts &#8211; traditional enterprise software vendors, born-in-the-cloud vendors, and large IT vendors looking to grow in the market.&nbsp;<\/p>\n\n\n\n<h3 id=\"traditional-enterprise-software-vendors\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Traditional_Enterprise_Software_Vendors\"><\/span>Traditional Enterprise Software Vendors <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This category includes some really big names like Microsoft, SAP, IBM, and Oracle. They already have a large repository of existing on-premise customers, that they want to convert to SaaS-based subscription models. <\/p>\n\n\n\n<h3 id=\"vendors-that-are-born-in-the-cloud\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vendors_that_are_born_in_the_cloud\"><\/span>Vendors that are born in the cloud<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>These companies are relatively new and are experiencing rapid expansion with healthy growth rates. Zendesk, Workday, and Atlassian are examples. What they lack is the brand recognition that comes with a big name like IBM.&nbsp;<\/p>\n\n\n\n<h3 id=\"large-it-vendors\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Large_IT_Vendors\"><\/span>Large IT Vendors <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This includes companies like Google and Cisco. They are cutting out their own niche in the market thanks to services like Google workspace and the collaboration apps of Cisco.&nbsp;<\/p>\n\n\n\n<h3 id=\"exploring-and-figuring-out-the-iaas-and-paas-public-crowd-market\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Exploring_and_figuring_out_the_IaaS_and_PaaS_public_crowd_market\"><\/span>Exploring and figuring out the IaaS and PaaS public crowd market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Things can get tricky if you want to paint an accurate picture of the IaaS and PaaS markets. Leading vendors like Amazon and Microsoft, often combine IaaS and PaaS revenues. This, plus the fact that there\u2019s a distinct lack of transparency in their report breakdowns, and it&#8217;s simple to understand why the market is so challenging. Fortunately, reports from Gartner and IDC help us understand better.&nbsp;<\/p>\n\n\n\n<h3 id=\"provider-with-the-largest-market-share-in-public-cloud-infrastructure\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Provider_with_the_largest_market_share_in_Public_Cloud_infrastructure\"><\/span>Provider with the largest market share in Public Cloud infrastructure?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The latest data from Gartner on the worldwide Infrastructure as a Service market has a revenue of $32.4 billion. This is a 31.3\\% growth from what was $24.7 billion in 2017. Gartner claims the market is dominated by 5 vendors that account for nearly 80\\% of the IaaS cloud market share in 2018. The vendors are Amazon (47.8\\%), Microsoft (15.5\\%), Alibaba (7.7\\%), Google (4.0\\%) and IBM (1.8\\%). Let us look closely at the top 5 public cloud infrastructure providers in 2019. Here\u2019s some data from combing Gartner and the provider\u2019s revenue reports.<\/p>\n\n\n\n<h4 id=\"amazon-web-services\" class=\"wp-block-heading\">Amazon Web Services &nbsp;<\/h4>\n\n\n\n<p>Amazon is a clear market leader, owning almost half of the world\u2019s public cloud infrastructure market. In 2018, Amazon had revenues of $15.4 billion, an increase of 26.8\\% over the previous year. Amazon continued leading the charts into the next year as well. In 2019, Amazon reported Q1 and Q2 added revenue of $16.1 billion, an increase of 39\\% from H1 2018.&nbsp;<\/p>\n\n\n\n<h4 id=\"microsoft-azure\" class=\"wp-block-heading\">Microsoft Azure<\/h4>\n\n\n\n<p>The annual revenue of <a href=\"https:\/\/www.saasworthy.com\/products\/microsoft-azure\" target=\"_blank\" aria-label=\"Azure  (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">Azure <\/a>stands at $5 billion, a growth of 60.9\\% and a 15.5\\% market share. Microsoft carries on camouflaging mask revenue in a combined \u2018commercial cloud business\u201d. In 2019, Microsoft reported an H1 year-on-year growth of 70\\%. In total, Microsoft Q1 and Q2 together commercial cloud business revenue is now $20.6 billion, a 40\\% increase from H1 in 2018.<\/p>\n\n\n\n<h4 id=\"alibaba\" class=\"wp-block-heading\">Alibaba<\/h4>\n\n\n\n<p>Alibaba owns a decent 7.7\\% of the public cloud market share as mentioned by Gartner. With annual revenues of $2.49 billion and awesome growth of 92.6\\% in 2018, this eCommerce entity carries on its amazing growth into 2019, with combined revenues of $2.2 billion, an increase of 66\\% for Q1 and Q2. This means the company\u2019s annual revenue rate is a little more than $4 billion.&nbsp;<\/p>\n\n\n\n<h4 id=\"google-cloud-platform\" class=\"wp-block-heading\">Google Cloud Platform<\/h4>\n\n\n\n<p>Gartner estimates that Google\u2019s Cloud Platform has a public cloud market share of 4\\%, with annual revenues touching $1.3 billion chalking up a 60\\% growth in 2018. In 2019, Google was on par with Alibaba, with cloud service revenues at $8 billion.&nbsp;<\/p>\n\n\n\n<h4 id=\"ibm\" class=\"wp-block-heading\">IBM<\/h4>\n\n\n\n<p>Gartner claims that IBM has a 1.8\\% market share. Its annual revenues hit $577 million with a growth rate of 24\\% in 2018. IBM is well-known for hybrid cloud services and has acquired fellow IaaS provider Red Hat for $34 billion.&nbsp;<\/p>\n\n\n\n<h3 id=\"why-are-businesses-migrating-to-the-cloud\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_are_businesses_migrating_to_the_cloud\"><\/span>Why are businesses migrating to the cloud?&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There are many reasons why businesses move to the cloud. However, some common reasons lead firms to make the change. Here are the reasons which could lead your business to move to a cloud-based ecosystem.&nbsp;<\/p>\n\n\n\n<h5 id=\"added-benefits\" class=\"wp-block-heading\">Added Benefits <\/h5>\n\n\n\n<p>Cloud computing offers a slew of benefits. Greater flexibility, security, and scalability are some of the reasons.&nbsp;<\/p>\n\n\n\n<h5 id=\"end-of-life-events\" class=\"wp-block-heading\">End of Life Events&nbsp;<\/h5>\n\n\n\n<p>All products, whether hardware or software, have a life cycle. If a vendor announces an end-of-life event, it\u2019s a great chance for you to check out alternative solutions. Businesses are jumping on these opportunities to move from on-premise to cloud-based solutions. You can decommission old licenses and hardware, and avoid the security risk of running a solution post an end-of-life event.&nbsp;<\/p>\n\n\n\n<h5 id=\"official-acquisitions\" class=\"wp-block-heading\">Official Acquisitions <\/h5>\n\n\n\n<p>Applications and technology can be incompatible once companies merge. More so if you need to consider managing these landscapes across multiple data centers. Migrating applications and technologies to the cloud might be the best solution. A smooth transition with a consistent solution will help you seamlessly take into account new geographies and employees moving forward.&nbsp;<\/p>\n\n\n\n<h5 id=\"contract-renewals\" class=\"wp-block-heading\">Contract Renewals<\/h5>\n\n\n\n<p>A lot of firms have contracts with private data centers, software, and hardware providers that need to be periodically renewed. Like an end-of-life event, this gives you the chance to reconsider the way you employ certain services and solutions. Making the transition to a more cost-effective cloud-based solution is the best option when faced with increasing cost bases and a number of other limiting factors.&nbsp;<\/p>\n\n\n\n<h5 id=\"compliance\" class=\"wp-block-heading\">Compliance <\/h5>\n\n\n\n<p>Data compliance is one of the most important factors of business operations, especially if you are in the financial services or healthcare industry. For those that operate on-premise solutions, it can be quite challenging to manage the constantly evolving and changing compliance regulations. If you shift to the cloud, on the other hand, you can choose services that are already compliant. The cloud provider is held responsible for any updates in case these compliance regulations change.&nbsp;<\/p>\n\n\n\n<h5 id=\"security-risks\" class=\"wp-block-heading\">Security Risks&nbsp;<\/h5>\n\n\n\n<p>Cyber attacks nowadays are highly prevalent and increasing in scale. A lot of businesses might lack the tools and talent to deal with this. However, migrating to a public cloud gives you a ready-made solution to minimize risk. Cloud providers also employ a number of resources to protect against imminent threats.&nbsp;<\/p>\n\n\n\n<h5 id=\"capacity-requirements\" class=\"wp-block-heading\">Capacity Requirements <\/h5>\n\n\n\n<p>You might face hardware utilization while having rapid growth or season capacity shifts. If you are unable to meet business demands or pay for on-premise underutilized services, costs can go up. Moving to the cloud gives you the flexibility to increase and decrease costs using a pay-as-you-go model.&nbsp;<\/p>\n\n\n\n<h5 id=\"software-and-hardware-refresh-cycles\" class=\"wp-block-heading\">Software and hardware refresh cycles <\/h5>\n\n\n\n<p>If you manage an on-premise data center or software application, it is your responsibility for keeping each and every aspect up to date. While considering a refresh cycle that\u2019s coming up, you may find it less expensive and quite beneficial for transitioning to the cloud. Investing in a SaaS subscription or lifting and shifting the application into the public cloud may provide cost savings as opposed to using on-premise software licenses and hardware updates.&nbsp;<\/p>\n\n\n\n<h2 id=\"conclusion\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Thus, the above points sum up the cloud ecosystem succinctly. Whether you are a small business that is just getting started or a large enterprise in the throes of action, investing in the cloud can improve your business processes and reduce costs.&nbsp;<\/p>\n\n\n\n<h3 id=\"read-more\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Read_More\"><\/span>Read More<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/dev.saasworthy.com\/bloga-comprehensive-guide-to-machine-learning-software\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">A Comprehensive Guide to Machine Learning Software<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/dev.saasworthy.com\/blogcrm-marketing-automation-differences\" target=\"_blank\" aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" class=\"ek-link\">CRM &amp; Marketing Automation: Differences &amp; Benefits of both the Software<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global cloud computing market size is expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026! Read on to know more about the Cloud Market Share in 2022.<\/p>\n","protected":false},"author":7,"featured_media":11212,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":8,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[31],"tags":[187],"class_list":{"0":"post-10936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-research-report","8":"tag-research-report"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cloud Market Share Ecosystem in 2022 - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS<\/title>\n<meta name=\"description\" content=\"The global cloud computing market size is\u00a0expected to grow from USD 445.3 billion in 2021 to USD 947.3 billion by 2026! 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