UPDATED 15:27 EDT / SEPTEMBER 28 2015

NEWS

SaaS to dominate public cloud growth, Wikibon predicts

The future belongs to companies that combine leading technology with innovative business models, writes Wikibon Analyst Brian Gracely in “Unpacking the Public Cloud Market”. Recent Wikibon Public Cloud research  predicts that 33 percent of all IT spending will move to public clouds within ten years as leading organizations leverage cloud along with mobile devices, open source and real-time and Big Data, to revolutionize their businesses. By 2026 Wikibon predicts that public cloud will reach $500 billion in overall revenues, up from $56 billion last year.

While infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) are getting most of the press, Wikibon research shows that software-as-a-service (SaaS) actually has more than twice the revenue of IaaS and more than 20 times the revenue of PaaS today. The SaaS market remains fragmented, while the IaaS market is consolidating around 10-12 large-scale clouds, Gracely says. These major players are investing $2-$4 billion each per year and are focused on delivering next-generation features that the SaaS companies need.

Security innovation will be critical for the future both of the public cloud and traditional companies leveraging the new technologies. The old edge-perimeter security paradigm is no longer valid, Gracely asserts. IT decision-makers should look for companies that can deliver security across any end-point and any application pattern.

Photo via giografiche

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU