By Mark Kirstein | Dataconomy | January 29, 2020
The global economic outlook has been lukewarm heading into 2020, yet there is much reason for confidence and enthusiasm among those in the cloud industry. The cloud-services market is a $200 billion industry that’s experienced tremendous growth in recent years, and that growth is expected to continue. Gartner forecasts cloud growth in the range of 20 percent in 2020, since cloud services are integral to the operations of many global businesses.
Though some market experts are suggesting the U.S.’s dominance in global services is weakening, there still remains significant reliance on cloud services. Hardware and infrastructure are continuing to age – Microsoft has a slew of products reaching end of life in 2020 – and will require upgrades for end users.
As many businesses look to phase out older hardware, many are opting to migrate to the cloud. Other businesses are experiencing significant global growth. Given this, we believe that reliance on evolving cloud technology will continue in 2020, despite changing political and economic landscapes.
Outlined below are five additional cloud market predictions to consider for 2020 and beyond.