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The turnover that companies derive from Software-as-a-Service (SaaS) will grow considerably in the coming year. It is expected to earn no less than 85 billion dollars in 2019. But also in the following years, the turnover in the market segment will continue to grow enormously.

Research agency Gartner published its latest cloud forecast last Wednesday. The market is expected to grow by 17.3 percent in 2019. The fastest growing market segment is that of infrastructure services (IaaS), which will grow by 27.6 percent next year. By 2022, according to Gartner, ninety percent of companies that adopt public cloud services will do so with a provider of both IaaS and PaaS services.

Strong growth in all segments

According to Gartner, this year’s global cloud market is worth $175.8 billion. Next year, the total value would be USD 206.2 billion, and by 2021 it would be USD 278.3 billion. Strong growth is therefore expected, mainly due to the increasing number of companies that see the usefulness of cloud services and are switching to them en masse.

The increasing adoption of SaaS applications and other cloud services is having a major impact on the management, distribution and use of business content, says research leader Craig Roth in a statement to ZDNet. Organisations are switching to SaaS – albeit not exclusively – at a stable pace.

This can indeed be seen, as the SaaS market will almost double in value compared to 2017. Whereas in 2017 it was worth USD 58.8 billion, according to Gartner it was worth USD 113.1 billion in 2021. The rack has not yet been removed. Here are the figures:

This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.