You know that the cloud stats are trending up, but did you know how fast? According to Forrester, the global public cloud market will jump from $146 billion in 2017 to $178 billion in 2018. After that, it is expected to grow at a 22-percent compound annual growth rate (CAGR).
For comparison purposes, growth of the overall global tech sector in 2018 will be just five percent, and even if it smashed predictions it would get only to the seven-percent-plus range. Thus, an increasing proportion of global information technology spending will be on the cloud. (According to IDC, global information technology spending will reach $4.8 trillion in 2018.)
Not surprisingly, the cloud migration market is heating up, as well. After all, these businesses investing in cloud technology generally need services to help them succeed in their transformations. The global cloud migration services market is predicted to expand from $3.17 billion in 2017 to $9.47 billion by 2022, at an even higher CAGR of 24.5 percent.
Most notable about all this is the move to the public cloud. According to McKinsey, almost 80 percent of businesses plan to have more than 10 percent of their workloads in the public cloud within three years. According to Spiceworks, these workloads range from backup (the most popular), to email hosting, to productivity apps, and everything in between (see Figure 1-1).
Figure 1-1. Budget breakdown of cloud ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month, and much more.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
